Inspiring Minds of Greater Philadelphia

Analysis

Inspiring Minds of Greater Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Greater Philadelphia reported income of $168k and spending of $193k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $172k to $168k (-2.7%), an average of -2.7% a year. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Inspiring Minds of Greater Philadelphia sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within PA. Charities of a similar size with the same main cause include Edith Institute ($168k), Empowerment Zone ($168k) and Fusion Cheer and Dance Boosters ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $110k against liabilities of $29k, net assets of $81k.