Mindworks Inc

Analysis

Mindworks Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mindworks Inc reported income of $217k and spending of $208k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $217k (+228%), an average of +228% a year. The sharpest change came in the year to December 2023, when income rose by 228%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mindworks Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Ranchi Province of the Indian Missionary Society ($217k), Metanoia Center ($217k) and Global Family Life Outreach ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. At year end it held assets of $20k against liabilities of $248k, net assets of -$228k.