Mind and Life Institute

Analysis

Mind and Life Institute is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Mind and Life Institute reported income of $3.9m and spending of $3.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $3.9m (+5.9%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mind and Life Institute sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include City Kids Care Inc ($3.9m), Young Mens Christian Association ($3.9m) and Barrier Free Living Holding Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $654k (18% of expenses). Other salaries and wages came to $813k. At year end it held assets of $9.1m against liabilities of $1.4m, net assets of $7.7m. It reported 19 employees.