Growing Minds Academy Inc

Analysis

Growing Minds Academy Inc is a registered charity in United States, based in Jax, FL. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Growing Minds Academy Inc reported income of $605k and spending of $605k, spending 100% of its income. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Growing Minds Academy Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Appletree Learning Center ($605k), Jordan Plaza Inc ($605k) and The J F Kapnek Charitable Trust ($605k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $65k (11% of expenses). Other salaries and wages came to $128k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 12 employees.