Caring for Young Minds

Analysis

Caring for Young Minds is a registered charity in United States, based in Randallstown, MD. It received its IRS tax-exemption ruling in May 2020, 6 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 December 2023, Caring for Young Minds reported income of $99k and spending of $96k, spending 98% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $137k to $99k (-28%), an average of -6.3% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Caring for Young Minds sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within MD. Charities of a similar size with the same main cause include Midland High Basketball Booster Club ($99k), Girls on the Run International ($99k) and Hidden Treasures Initiatives Pa ($99k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.