Mind Research Institute Inc

Analysis

Mind Research Institute Inc is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 June 2023, Mind Research Institute Inc reported income of $4.2m and spending of $4.2m, spending 98% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $4.2m to $4.2m (+1.6%), an average of +1.6% a year. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mind Research Institute Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Intercultural Development Research Association ($4.2m), New York City Foundation for Computer Science Education ($4.3m) and Los Angeles Ballet Inc ($4.2m).

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 $423k (10% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $3.8m against liabilities of $2.4m, net assets of $1.4m.