Minds Matter

Analysis

Minds Matter is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in November 2004, 22 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 June 2023, Minds Matter reported income of $1.9m and spending of $1.2m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $713k to $1.9m (+171%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 56%. Over the whole period it spent 62% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Minds Matter sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Ainsworth Child Development Center Inc ($1.9m), Denver Junior Golf ($1.9m) and Austin Youth & Community Farm Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $135k (11% of expenses). Other salaries and wages came to $516k. At year end it held assets of $2.9m against liabilities of $26k, net assets of $2.8m. It reported 8 employees.