Foundation for Body Mind & Spirit

Analysis

Foundation for Body Mind & Spirit is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Foundation for Body Mind & Spirit reported income of $639k and spending of $343k, leaving 46% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $425k to $639k (+50%), an average of +11% a year. The sharpest change came in the year to March 2023, when income rose by 80%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Foundation for Body Mind & Spirit sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Latinos En Spokane ($639k), Friends of Rock Valley ($639k) and Lever Inc ($639k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 101% of the total. Other salaries and wages came to $160k. At year end it held assets of $799 against liabilities of $6,358, net assets of -$5,559. It reported 4 employees.