Minds Matter

Analysis

Minds Matter is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 reported income of $2.3m and spending of $2.0m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $2.3m (+115%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 85% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Minds Matter sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Camp Summit Inc ($2.3m), Saving Our Next Generation ($2.3m) and Florida Leadership Venture Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $170k (8.3% of expenses). Other salaries and wages came to $742k. At year end it held assets of $2.8m against liabilities of $79k, net assets of $2.7m. It reported 14 employees.