Passion of Mind Healing Center

Analysis

Passion of Mind Healing Center is a registered charity in United States, based in Monroe, MI. It received its IRS tax-exemption ruling in May 2016, 10 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 December 2023, Passion of Mind Healing Center reported income of $1.9m and spending of $1.4m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $627k to $1.9m (+202%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Passion of Mind Healing Center sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Alcohol & Substance Abuse Prevention Project Inc ($1.9m), National Institute for Public Policy Inc ($1.9m) and Childhood Cancer Family Alliance Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $483k (34% of expenses). Other salaries and wages came to $459k. At year end it held assets of $559k against liabilities of $24k, net assets of $535k. It reported 32 employees.