Mind the Gapp

Analysis

Mind the Gapp is a registered charity in United States, based in Hopkins, MN. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Mind the Gapp reported income of $522k and spending of $577k, spending 110% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $432k to $522k (+21%), an average of +6.5% a year. The sharpest change came in the year to December 2022, when income rose by 193%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mind the Gapp sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Passion LA ($522k), Friends of Lafitte Corridor Inc ($523k) and Autism Employment Network ($522k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $183k (32% of expenses). Other salaries and wages came to $119k. At year end it held assets of $802k against liabilities of $843k, net assets of -$41k. It reported 7 employees.