Motivate Our Minds Inc

Analysis

Motivate Our Minds Inc is a registered charity in United States, based in Muncie, IN. It received its IRS tax-exemption ruling in September 1988, 38 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 December 2023, Motivate Our Minds Inc reported income of $552k and spending of $397k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $279k to $552k (+98%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 133%. 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, Motivate Our Minds Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IN. Charities of a similar size with the same main cause include Guadalupe Center Real Estate Holdings Inc ($552k), The Gifted Child Society ($552k) and Marys House Inc ($552k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $69k (17% of expenses). Other salaries and wages came to $143k. At year end it held assets of $1.1m against liabilities of $19k, net assets of $1.0m. It reported 15 employees.