Brains Minds and Destiny Inc

Analysis

Brains Minds and Destiny Inc is a registered charity in United States, based in Round Rock, TX. It received its IRS tax-exemption ruling in November 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 2020, Brains Minds and Destiny Inc reported income of $67k and spending of $66k, spending 100% of its income. Across the 2 years on record, from December 2019 to December 2020, income grew from $26k to $67k (+161%), an average of +161% a year. The sharpest change came in the year to December 2020, when income rose by 161%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brains Minds and Destiny Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include Association for Political Theory Inc ($66k), Arizona Petroleum Marketers Association Scholarship Foundation ($67k) and De LA Salle Inc ($66k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 3.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $12k (18% of expenses). At year end it held assets of $36 against liabilities of $0, net assets of $36.