Mindful Sead

Analysis

Mindful Sead is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in November 2023, 3 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, Mindful Sead reported income of $718k and spending of $727k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $229k to $718k (+213%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 228%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mindful Sead sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within NV. Charities of a similar size with the same main cause include The Fly Initiative ($718k), My Community Cares Inc ($718k) and Tucklets ($717k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k.