Mindset Charter Schools Inc

Analysis

Mindset Charter Schools Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mindset Charter Schools Inc reported income of $3.6m and spending of $3.4m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.6m (+32%), an average of +7.3% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mindset Charter Schools Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include John Jay College ($3.6m), Emet Outreach ($3.6m) and Live Oak Charter School ($3.6m).

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 $281k (8.4% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $4.2m against liabilities of $3.3m, net assets of $844k. It reported 36 employees.