Science of Mind Foundation Inc

Analysis

Science of Mind Foundation Inc is a registered charity in United States, based in Lakewood, CO. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Science of Mind Foundation Inc reported income of $340k and spending of $326k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $544k to $340k (-38%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 47%. Over the whole period it spent 72% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Science of Mind Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CO. Charities of a similar size with the same main cause include Tyrannus Halls Europe ($340k), Great Among the Nations Incorporated ($340k) and Missions Revival Inc ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $46k (14% of expenses). Other salaries and wages came to $53k. At year end it held assets of $6.3m against liabilities of $2.2m, net assets of $4.1m. It reported 2 employees.