Vibrant Minds Charter School

Analysis

Vibrant Minds Charter School is a registered charity in United States, based in Anaheim, CA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Vibrant Minds Charter School reported income of $5.0m and spending of $3.8m, leaving 24% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $3.6m to $5.0m (+41%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vibrant Minds Charter School sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Cristo Rey Dallas High School Inc ($5.0m), The Carroll Community College Foundation Inc ($5.0m) and Education Is Freedom Foundation ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $50k (1.3% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $5.9m against liabilities of $994k, net assets of $4.9m. It reported 63 employees.