Exceptional Minds

Analysis

Exceptional Minds is a registered charity in United States, based in Sherman Oaks, CA. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Exceptional Minds reported income of $4.6m and spending of $3.7m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $4.6m (+51%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 29%. 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, Exceptional Minds sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include The Michael Lisnow Respite Center Inc ($4.6m), East African Community Services ($4.6m) and North Channel Assistance Ministries ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $224k (6.0% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $5.1m against liabilities of $1.7m, net assets of $3.4m. It reported 75 employees.