Minds Matter

Analysis

Minds Matter is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Minds Matter reported income of $170k and spending of $207k, spending 122% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $253k to $170k (-33%), an average of -33% a year. The sharpest change came in the year to June 2023, when income dropped by 33%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Minds Matter sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within IL. Charities of a similar size with the same main cause include Aquatennial Ambassador Organization ($170k), Garden of Eden Foundation ($170k) and Police Activities League of Bridgeport Inc ($170k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $347k against liabilities of $12k, net assets of $334k.