Mindbridge

Analysis

Mindbridge is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Mindbridge reported income of $453k and spending of $367k, spending 81% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $279k to $453k (+62%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mindbridge sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 64th percentile within ME. Charities of a similar size with the same main cause include Audience of One Youth Theater ($453k), Laboratory for Icon & Idiom Inc ($453k) and Ohr Hatzafun Productions ($453k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $50k (14% of expenses). Other salaries and wages came to $181k. It paid $10k in professional fundraising fees. At year end it held assets of $118k against liabilities of $7,739, net assets of $110k. It reported 14 employees.