Mind Oc

Analysis

Mind Oc is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Mind Oc reported income of $127.9m and spending of $32.3m, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $47.4m to $127.9m (+170%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 418%. Over the whole period it spent 27% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mind Oc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Rise Inc ($127.7m), Center for Elders Independence ($128.0m) and Associated Catholic Charities Inc ($127.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $1.8m (5.6% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $180.9m against liabilities of $14.7m, net assets of $166.2m. It reported 122 employees.