Marshmallow Minds

Analysis

Marshmallow Minds is a registered charity in United States, based in Sunnyvale, CA. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Marshmallow Minds reported income of $324k and spending of $194k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $116k to $324k (+179%), an average of +179% a year. The sharpest change came in the year to December 2023, when income rose by 179%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marshmallow Minds sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Bordentown Community Soccer Inc ($324k), Esprit de Corps Center for Learning ($324k) and Little Earth Neighborhood Early Learning Center Corporation ($324k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $104k (54% of expenses). Other salaries and wages came to $46k. It paid $2,400 in professional fundraising fees. At year end it held assets of $196k against liabilities of $0, net assets of $196k. It reported 6 employees.