Inward Bound Mindfulness Education Inc

Analysis

Inward Bound Mindfulness Education Inc is a registered charity in United States, based in Attleboro, MA. It received its IRS tax-exemption ruling in October 2010, 16 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 October 2023, Inward Bound Mindfulness Education Inc reported income of $1.5m and spending of $1.6m, spending 103% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $992k to $1.5m (+51%), an average of +11% a year. The sharpest change came in the year to October 2020, when income rose by 59%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Inward Bound Mindfulness Education 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 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Finex House Incorporated ($1.5m), High Soaring Eagle Center Inc ($1.5m) and Mobile Meals of Southern Arizona ($1.5m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $156k (10% of expenses). Other salaries and wages came to $465k. At year end it held assets of $418k against liabilities of $171k, net assets of $247k. It reported 7 employees.