Mindseye Radio

Analysis

Mindseye Radio is a registered charity in United States, based in Belleville, IL. It received its IRS tax-exemption ruling in October 2016, 10 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, Mindseye Radio reported income of $689k and spending of $759k, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $416k to $689k (+66%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mindseye Radio sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Roger Williams Park Conservancy Inc ($689k), South Georgia Partnership to End Homelessness Inc ($689k) and Extended Hands Food Bank ($689k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $76k (10% of expenses). Other salaries and wages came to $283k. At year end it held assets of $292k against liabilities of $40k, net assets of $252k. It reported 8 employees.