A Peace of My Mind Inc

Analysis

A Peace of My Mind Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in September 2021, 5 years ago. 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, A Peace of My Mind Inc reported income of $174k and spending of $171k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $207k to $174k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, A Peace of My Mind Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within MN. Charities of a similar size with the same main cause include Set Free Womens Refuge ($174k), Maclure Library Association Inc ($174k) and Ptsa Connecticut Inc ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $87k (51% of expenses). At year end it held assets of $104k against liabilities of $4,653, net assets of $100k. It reported 2 employees.