Minds Matter Bay Area Inc

Analysis

Minds Matter Bay Area Inc is a registered charity in United States, based in San Francisco, CA. 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 Bay Area Inc reported income of $1.2m and spending of $676k, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $237k to $1.2m (+395%), an average of +49% a year. The sharpest change came in the year to June 2020, when income rose by 129%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minds Matter Bay Area Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include In a Landscape ($1.2m), Green Valley Apartments ($1.2m) and Future 500 ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $198k (29% of expenses). Other salaries and wages came to $125k. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m. It reported 2 employees.