Minddrive Incorporated

Analysis

Minddrive Incorporated is a registered charity in United States, based in Kansas City, MO. 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 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 July 2023, Minddrive Incorporated reported income of $1.1m and spending of $1.1m, spending 98% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $380k to $1.1m (+198%), an average of +31% a year. The sharpest change came in the year to July 2021, when income rose by 66%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minddrive Incorporated sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within MO. Charities of a similar size with the same main cause include Soaring Eagles Center for Autism ($1.1m), Marion Military Institute Foundation Inc ($1.1m) and Fellowship for Race & Equity in Education ($1.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 90% and program service revenue 9.9% of the total. Compensation of current officers, directors and key employees was $97k (8.7% of expenses). Other salaries and wages came to $514k. It paid $11k in professional fundraising fees. At year end it held assets of $392k against liabilities of $46k, net assets of $346k. It reported 25 employees.