Meaningful Minute Inc

Analysis

Meaningful Minute Inc is a registered charity in United States, based in Valley Stream, NY. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Meaningful Minute Inc reported income of $1.1m and spending of $922k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $512k to $1.1m (+121%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 76% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Meaningful Minute Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Korean Evangelical Church of ($1.1m), Friends of Acilba 613 ($1.1m) and Buckhorn Camp Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $100k (11% of expenses). Other salaries and wages came to $118k. At year end it held assets of $1.2m against liabilities of $14k, net assets of $1.2m. It reported 5 employees.