Mind Power Enterprise II Inc

Analysis

Mind Power Enterprise II Inc is a registered charity in United States, based in Portsmouth, VA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Mind Power Enterprise II Inc reported income of $60k and spending of $63k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $51k to $60k (+19%), an average of +9.2% a year. The sharpest change came in the year to December 2023, when income rose by 202%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mind Power Enterprise II Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within VA. Charities of a similar size with the same main cause include Serving Marriages Inc ($60k), Friends of Santa Claus Inc ($60k) and Shoshinkan Martial Arts Inc ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of -$1 against liabilities of $307, net assets of -$308.