Minds Matter National Inc

Analysis

Minds Matter National Inc is a registered charity in United States, based in Chanhassen, MN. 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 National Inc reported income of $144k and spending of $84k, leaving 41% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $76k to $144k (+91%), an average of +90% a year. The sharpest change came in the year to June 2023, when income rose by 91%. Over the whole period it spent 85% 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 National Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within MN. Charities of a similar size with the same main cause include Framingham Baseball ($144k), Atx Robotics Inc ($144k) and Cohasett Lacrosse Boosters Inc ($144k).

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 $321k against liabilities of $1,889, net assets of $319k.