Quick charity verification for Minding Your Mind (EIN: 208448707)
Verdict: Minding Your Mind appears trustworthy
92/100Mission Score
$3.8MRevenue
$5.0MAssets
3Red Flags
4Strengths
Red Flags
Unusually low (0%) reported officer compensation for an organization of this size, potentially obscuring executive remuneration.
Significant revenue drop in 202306 ($1,481,751) compared to 202206 ($3,414,473).
Expenses ($1,862,342) exceeded revenue ($1,481,751) in the 202306 period, leading to an operating deficit.
Strengths
Consistent reporting of 0% officer compensation, indicating a strong commitment to mission-focused spending.
Significant growth in assets from $682,774 in 2014 to $5,004,136 currently, demonstrating strong financial management and stability.
Long history of IRS 990 filings (13 filings), indicating good transparency and compliance.
Overall positive trend in revenue growth over the past decade, despite recent fluctuations.
Spending Breakdown
How Minding Your Mind allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Minding Your Mind
Is Minding Your Mind a legitimate charity?
Based on AI analysis of IRS 990 filings, Minding Your Mind (EIN: 208448707) appears trustworthy. Mission Score: 92/100. 3 red flags identified, 4 strengths noted.
Is Minding Your Mind a good charity to donate to?
Minding Your Mind has a Mission Score of 92/100. Revenue: $3.8M. Assets: $5.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Minding Your Mind?
The Employer Identification Number (EIN) for Minding Your Mind is 208448707. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Minding Your Mind spend its money?
Minding Your Mind allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Minding Your Mind's tax-exempt status?
You can verify Minding Your Mind's tax-exempt status using EIN 208448707 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Minding Your Mind demonstrates a generally healthy financial trajectory, with significant growth in revenue and assets over the past decade. The organization's latest reported assets stand at $5,004,136, a substantial increase from $682,774 in 2014. While there was a dip in revenue in the 202306 period to $1,481,751 from $3,414,473 in 202206, this appears to be an anomaly in an otherwise upward trend. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. This practice enhances public trust and suggests efficient use of donor contributions.
The organization's spending efficiency appears robust, particularly given the consistent reporting of no officer compensation. The significant growth in assets, even with fluctuations in annual revenue, suggests sound financial management and an ability to build reserves. The 202306 period saw expenses ($1,862,342) exceed revenue ($1,481,751), resulting in a deficit for that year, which warrants monitoring. However, the overall trend of increasing assets and the absence of executive compensation are positive indicators of financial health and a focus on programmatic impact. The consistent filing of IRS 990 forms over 13 periods also points to good transparency practices.