Minds of the Future Foundation

Analysis

Minds of the Future Foundation is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Minds of the Future Foundation reported income of $832k and spending of $501k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2020 to December 2022, income grew from $376k to $832k (+121%), an average of +121% a year. The sharpest change came in the year to December 2022, when income rose by 121%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minds of the Future Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Center for Community Health Education Research and Service Inc ($832k), Learn to Lead Foundation of Lowell Inc ($832k) and Sustainable Business Education Initiative Inc ($832k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 88% and program service revenue 12% of the total. Other salaries and wages came to $155k. At year end it held assets of $411k against liabilities of $80k, net assets of $331k. It reported 11 employees.