Discovering Mind Foundation

Analysis

Discovering Mind Foundation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Discovering Mind Foundation reported income of $343k and spending of $342k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2024, income fell from $363k to $343k (-5.4%), an average of -1.4% a year. The sharpest change came in the year to June 2020, when income dropped by 21%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Discovering Mind Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within UT. Charities of a similar size with the same main cause include National Association of Corporate Directors ($343k), Public Policy and International Affairs Program ($343k) and Emerald Brigade Support Organization ($343k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $96k (28% of expenses). Other salaries and wages came to $125k. At year end it held assets of $25k against liabilities of $5,791, net assets of $19k. It reported 26 employees.