Mind Education

Analysis

Mind Education is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Mind Education reported income of $32.1m and spending of $33.0m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.4m to $32.1m (+17%), an average of +4.1% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mind Education sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Center for Transportation and the Enviroment Inc ($32.0m), National Board of Osteopathic Medical Examiners Inc ($32.4m) and Ruth Eckerd Hall Inc ($31.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $2.7m (8.1% of expenses). Other salaries and wages came to $16.2m. At year end it held assets of $28.5m against liabilities of $30.3m, net assets of -$1.8m. It reported 314 employees.