World Mind Creation Academy

Analysis

World Mind Creation Academy is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 2020, 6 years ago. 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, World Mind Creation Academy reported income of $483k and spending of $440k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $400k to $483k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, World Mind Creation Academy sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within WA. Charities of a similar size with the same main cause include Amarillo Elite Volleyball Inc ($483k), Leadership Winston-Salem ($483k) and Applied Scholastics International ($483k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $91k (21% of expenses). Other salaries and wages came to $172k. At year end it held assets of $207k against liabilities of $21k, net assets of $187k. It reported 4 employees.