Minders Inc

Analysis

Minders Inc is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Minders Inc reported income of $2.0m and spending of $1.7m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $294k to $2.0m (+577%), an average of +61% a year. The sharpest change came in the year to December 2020, when income rose by 95%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Minders Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include Martin Luther King Jr Family Services Inc ($2.0m), YWCA of Central Virginia ($2.0m) and Orchid House Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $433k against liabilities of $0, net assets of $433k.