Master Minds Academy

Analysis

Master Minds Academy is a registered charity in United States, based in N Lauderdale, FL. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Master Minds Academy reported income of $825k and spending of $334k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $620k to $825k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2022, when income dropped by 39%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Master Minds Academy sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Toad Suck Daze Inc ($825k), Trilogy School of Learning Alternatives Inc ($825k) and Pacific Northwest Association for College Admission Counseling ($825k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 85% of the total. Compensation of current officers, directors and key employees was $30k (9.0% of expenses). Other salaries and wages came to $67k. At year end it held assets of $3.0m against liabilities of $1.2m, net assets of $1.8m.