Minds Matter

Analysis

Minds Matter is a registered charity in United States, based in Clarksville, TN. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 March 2024, Minds Matter reported income of $411k and spending of $420k, spending 102% of its income. Across the 3 years on record, from March 2022 to March 2024, income grew from $206k to $411k (+100%), an average of +41% a year. The sharpest change came in the year to March 2024, when income rose by 88%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Minds Matter sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within TN. Charities of a similar size with the same main cause include Waukesha Service Club Inc ($411k), Episcopal Charities of Albany Inc ($411k) and Center for Trauma-Responsive Practice Change ($411k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $27k (6.5% of expenses). Other salaries and wages came to $232k. At year end it held assets of $271k against liabilities of $288k, net assets of -$17k. It reported 14 employees.