Kinetic Minds

Analysis

Kinetic Minds is a registered charity in United States, based in Goldsboro, NC. It received its IRS tax-exemption ruling in March 2012, 14 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 September 2023, Kinetic Minds reported income of $60k and spending of $24k, leaving 60% of income unspent that year. Across the 5 years on record, from September 2018 to September 2023, income fell from $340k to $60k (-82%), an average of -35% a year. The sharpest change came in the year to September 2023, when income dropped by 74%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Kinetic Minds sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within NC. Charities of a similar size with the same main cause include Ski and Board Club at Stratton Inc ($60k), World Peace Parents ($60k) and Shine in Darkness Foundation Inc ($60k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $96k against liabilities of $0, net assets of $96k.