Minds Matter

Analysis

Minds Matter is a registered charity in United States, based in Philadelphia, PA. 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 $82k and spending of $110k, spending 134% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $107k to $82k (-24%), an average of -24% a year. The sharpest change came in the year to June 2023, when income dropped by 24%. Over the whole period it spent 104% 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 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within PA. Charities of a similar size with the same main cause include Urbana High School Safe & Sane Inc ($82k), State College Youth Football League ($82k) and Sound Shore Youth Foundation Inc ($82k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $320k against liabilities of $0, net assets of $320k.