Open Mind School

Analysis

Open Mind School is a registered charity in United States, based in Menlo Park, CA. It received its IRS tax-exemption ruling in June 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, Open Mind School reported income of $2.1m and spending of $2.6m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.1m (+11%), an average of +2.5% a year. The sharpest change came in the year to June 2022, when income dropped by 33%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Open Mind School sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Discovery School of Lancaster County ($2.1m), Elevate USA ($2.1m) and Christian Education Legacy Fund ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $201k (7.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $994k against liabilities of $18k, net assets of $975k.