Educating Young Minds

Analysis

Educating Young Minds is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2024, Educating Young Minds reported income of $381k and spending of $481k, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2024, income fell from $409k to $381k (-6.8%), an average of -1.7% a year. The sharpest change came in the year to June 2024, when income dropped by 50%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Educating Young Minds sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Union City Community Foundation ($381k), Redlands Baseball Softball for Youth ($381k) and Main Street Community Center Inc ($381k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $18k (3.7% of expenses). Other salaries and wages came to $157k. At year end it held assets of $455k against liabilities of $97k, net assets of $358k. It reported 14 employees.