Mind Shift

Analysis

Mind Shift is a registered charity in United States, based in New Hope, MN. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Mind Shift reported income of $2.4m and spending of $2.5m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.4m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mind Shift 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 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Fairbanks Pipeline Training Center Trust ($2.4m), Transcend STEM Education ($2.4m) and M C Resource Management ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $90k (3.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $986k against liabilities of $322k, net assets of $664k. It reported 98 employees.