Mindful Life Project

Analysis

Mindful Life Project is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in April 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Mindful Life Project reported income of $4.1m and spending of $4.8m, spending 116% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.7m to $4.1m (+143%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 91% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Mindful Life Project sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Bridgeway House ($4.1m), The Boys & Girls Clubs of Weber- Davis ($4.1m) and Fort Worth Cradle to Career ($4.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $170k (3.6% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $2.0m against liabilities of $223k, net assets of $1.8m. It reported 114 employees.