Mindful Philanthropy Inc

Analysis

Mindful Philanthropy Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2021, 5 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Mindful Philanthropy Inc reported income of $2.6m and spending of $1.4m, leaving 44% of income unspent that year. Across the 4 years on record, from April 2021 to April 2024, income grew from $382k to $2.6m (+575%), an average of +89% a year. The sharpest change came in the year to April 2022, when income rose by 232%. Over the whole period it spent 64% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mindful Philanthropy Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Family Autism Center Inc ($2.6m), Choctaw County Emergency Medical Services Inc ($2.6m) and Volunteer Hospice of Clallam County ($2.6m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $908k. At year end it held assets of $2.0m against liabilities of $64k, net assets of $2.0m. It reported 15 employees.