Young Mind Community Center

Analysis

Young Mind Community Center is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Young Mind Community Center reported income of $465k and spending of $440k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $341k to $465k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 154%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Young Mind Community Center sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within AZ. Charities of a similar size with the same main cause include Mark Ross Montessori Foundation ($465k), Aim Inc - Ambitious Imaginative Motivated ($465k) and Laguna Beach High School Scholarship Foundation ($465k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. Other salaries and wages came to $271k. At year end it held assets of $355k against liabilities of $0, net assets of $355k. It reported 5 employees.