Science of Mind Archives and Library Foundation

Analysis

Science of Mind Archives and Library Foundation is a registered charity in United States, based in Lees Summit, MO. It received its IRS tax-exemption ruling in November 2007, 19 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, Science of Mind Archives and Library Foundation reported income of $195k and spending of $199k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $166k to $195k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Science of Mind Archives and Library Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within MO. Charities of a similar size with the same main cause include Knowledge Speaks ($195k), Cosmic Writers Corp ($195k) and Nase Foundation Inc ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 12% of the total. Other salaries and wages came to $141k. At year end it held assets of $149k against liabilities of $94k, net assets of $55k. It reported 4 employees.