Inspiring Minds of Youngstown Inc

Analysis

Inspiring Minds of Youngstown Inc is a registered charity in United States, based in Warren, OH. It received its IRS tax-exemption ruling in February 2020, 6 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, Inspiring Minds of Youngstown Inc reported income of $181k and spending of $185k, spending 102% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $174k to $181k (+4.2%), an average of +0.8% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 131% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Inspiring Minds of Youngstown Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include HLB Management Services Corporation ($181k), Mercy Missions Inc ($181k) and Mary Mavec Opportunity School of Euclid Incorporated ($181k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $70k against liabilities of $413k, net assets of -$343k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.