Ignite Mindshift Impact Inc

Analysis

Ignite Mindshift Impact Inc is a registered charity in United States, based in Georgetown, TX. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Ignite Mindshift Impact Inc reported income of $491k and spending of $339k, leaving 31% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $223k to $491k (+121%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 74% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Ignite Mindshift Impact Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Real Food for Kids ($491k), Youth in Focus ($491k) and Rite of Passage Journeys ($491k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $129k (38% of expenses). Other salaries and wages came to $56k. At year end it held assets of $319k against liabilities of $28k, net assets of $291k. It reported 5 employees.