Sound Mind Sound Body Foundation

Analysis

Sound Mind Sound Body Foundation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in September 2015, 11 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 December 2023, Sound Mind Sound Body Foundation reported income of $1.2m and spending of $1.4m, spending 119% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $222k to $1.2m (+443%), an average of +76% a year. The sharpest change came in the year to December 2021, when income rose by 220%. Over the whole period it spent 105% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Sound Mind Sound Body Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MI. Charities of a similar size with the same main cause include Future Farmers of America and Its State Associations & Local Chapter ($1.2m), Metro Baseball League ($1.2m) and Lide White Memorial Boys and Girls Club Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Other salaries and wages came to $289k. At year end it held assets of $215k against liabilities of $507k, net assets of -$292k.