Mindful Materials Inc

Analysis

Mindful Materials Inc is a registered charity in United States, based in Spring City, PA. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Mindful Materials Inc reported income of $969k and spending of $827k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $603k to $969k (+61%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 91% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Mindful Materials Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Manitoga Inc ($968k), Tennessee State Parks Conservancy ($969k) and Ellerbee Creek ($967k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $63k (7.7% of expenses). At year end it held assets of $169k against liabilities of $0, net assets of $169k.