Mindful Growth Foundation

Analysis

Mindful Growth Foundation is a registered charity in United States, based in View Park, CA. It received its IRS tax-exemption ruling in November 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 2022, Mindful Growth Foundation reported income of $1.4m and spending of $1.5m, spending 102% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $1.2m to $1.4m (+21%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mindful Growth Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Parent Education and Assistance for Kids Inc ($1.4m), Kitsap Immigrant Assistance Center ($1.4m) and Boys and Girls Club of the Bellport Area Inc ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $74k (5.1% of expenses). Other salaries and wages came to $731k. At year end it held assets of $202k against liabilities of $575k, net assets of -$372k. It reported 42 employees.