Mindspark Learning

Analysis

Mindspark Learning is a registered charity in United States, based in Lakewood, CO. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Mindspark Learning reported income of $1.9m and spending of $3.0m, spending 162% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.0m to $1.9m (-53%), an average of -17% a year. The sharpest change came in the year to December 2021, when income dropped by 54%. Over the whole period it spent 141% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mindspark Learning sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include Siue Charter School ($1.9m), Jumpstart Coalition for Personal Financial Literacy ($1.9m) and Youth Empowerment Services ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $388k (13% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $732k against liabilities of $254k, net assets of $478k. It reported 30 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.