Nurturing Minds Inc

Analysis

Nurturing Minds Inc is a registered charity in United States, based in Newtonville, MA. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Nurturing Minds Inc reported income of $1.6m and spending of $1.9m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $1.6m (-15%), an average of -4.0% a year. The sharpest change came in the year to June 2023, when income dropped by 56%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nurturing Minds Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Bear Creek Foundation Inc ($1.6m), Tamalpais - Strawberry Preschools Inc ($1.6m) and Parent Booster USA Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $80k (4.1% of expenses). Other salaries and wages came to $214k. At year end it held assets of $6.9m against liabilities of $21k, net assets of $6.9m. It reported 7 employees.