Stimulating Minds Through Entrepreneurship & Leadership

Analysis

Stimulating Minds Through Entrepreneurship & Leadership is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Stimulating Minds Through Entrepreneurship & Leadership reported income of $77k and spending of $75k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $82k to $77k (-5.1%), an average of -5.1% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stimulating Minds Through Entrepreneurship & Leadership sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Illinois Farmers Market Association NFP ($77k), Trenton Diocesan Council St Vincent Depaul Society Inc ($77k) and Family Sunshine Center Foundation Inc ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.9% of the total. At year end it held assets of $2,979 against liabilities of $0, net assets of $2,979.