Renewing Your Mind Inc

Analysis

Renewing Your Mind Inc is a registered charity in United States, based in Pikesville, MD. It received its IRS tax-exemption ruling in April 2005, 21 years ago. 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 2024, Renewing Your Mind Inc reported income of $94k and spending of $86k, spending 92% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $81k to $94k (+15%), an average of +15% a year. The sharpest change came in the year to June 2024, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Renewing Your Mind Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within MD. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($94k), Vallecito Home and School Club ($94k) and PTA California Congress of Parents Teachers & Students Inc ($94k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $43k against liabilities of $2,078, net assets of $41k.