Is Minding Your Mind Legit?

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

Strengths

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.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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