Mind&melody Inc

Analysis

Mind&melody Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Mind&melody Inc reported income of $376k and spending of $318k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $325k to $376k (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mind&melody Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Sexual Assault and Family Violence Task Force Incorporated ($375k), Power of Pain Foundation Inc ($376k) and Albert Schweitzer Fellowship of Alabama ($375k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $46k (14% of expenses). Other salaries and wages came to $114k. At year end it held assets of $523k against liabilities of $155k, net assets of $368k. It reported 3 employees.