Dedicating Resources to Excel All Minds

Analysis

Dedicating Resources to Excel All Minds is a registered charity in United States, based in Sherwood, AR. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Dedicating Resources to Excel All Minds reported income of $1.9m and spending of $1.9m, spending 104% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $837k to $1.9m (+122%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dedicating Resources to Excel All Minds sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within AR. Charities of a similar size with the same main cause include First Step to Nutrition Inc ($1.9m), Central Christian Child Development Center Inc ($1.9m) and The Other Way Ministries ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Other salaries and wages came to $823k. At year end it held assets of $931k against liabilities of $572k, net assets of $358k. It reported 46 employees.