Return of the Masterminds Inc

Analysis

Return of the Masterminds Inc is a registered charity in United States, based in Metairie, LA. 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 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, Return of the Masterminds Inc reported income of $308k and spending of $249k, spending 81% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $206k to $308k (+50%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 1119%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Return of the Masterminds Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within LA. Charities of a similar size with the same main cause include Open Roads Academy Inc ($308k), Craftsmen Recreation Club Inc ($308k) and Cyclone Gridiron Club Inc ($308k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. At year end it held assets of $217k against liabilities of $0, net assets of $217k.