Big Minds Incorporated

Analysis

Big Minds Incorporated is a registered charity in United States, based in Pinole, CA. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Big Minds Incorporated reported income of $2.1m and spending of $2.3m, spending 108% of what it took in. Across the 4 years on record, from July 2020 to July 2023, income grew from $808k to $2.1m (+159%), an average of +37% a year. The sharpest change came in the year to July 2022, when income rose by 70%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Big Minds Incorporated sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Traverse Des Sioux Library System ($2.1m), Friends of Elm Community Charter School Inc ($2.1m) and Indiana Resource Center for Families with Special Needs Inc ($2.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 4.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $235k (10% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $306k against liabilities of $503k, net assets of -$197k. It reported 44 employees.