Dynamic Minds Academy Inc

Analysis

Dynamic Minds Academy Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Dynamic Minds Academy Inc reported income of $3.2m and spending of $3.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $543k to $3.2m (+488%), an average of +56% a year. The sharpest change came in the year to June 2020, when income rose by 218%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dynamic Minds Academy Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Boundless Israel Inc ($3.2m), Center for Arizona Policy Inc ($3.2m) and Faith Christian Academy Inc ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $485k against liabilities of $225k, net assets of $260k. It reported 39 employees.