Minds Matter

Analysis

Minds Matter is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in November 2004, 22 years ago. 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 $385k and spending of $500k, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $198k to $385k (+95%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 97%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minds Matter sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include Buy a Pumpkin Feed a Child Inc ($385k), Labs4rescue Inc ($385k) and 25 Carrick Ave Project ($385k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $94k (19% of expenses). Other salaries and wages came to $123k. At year end it held assets of $592k against liabilities of $18k, net assets of $574k. It reported 3 employees.