Minds Matter

Analysis

Minds Matter is a registered charity in United States, based in Porter Ranch, CA. 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 $868k and spending of $809k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $381k to $868k (+128%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 84% 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 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Brevard County Sheriffs Office Charity Inc ($868k), Northshore Warhawks Hockey Club ($868k) and Appalachian Christian Service Camp ($868k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $148k (18% of expenses). Other salaries and wages came to $202k. At year end it held assets of $846k against liabilities of $45k, net assets of $800k. It reported 7 employees.