Quick charity verification for Nurturing Minds Inc (EIN: 208870624)
Verdict: Nurturing Minds Inc appears trustworthy
92/100Mission Score
$5.2MRevenue
$10.3MAssets
1Red Flags
4Strengths
Red Flags
Significant revenue decrease in the most recent filing period (from $3.6M in 2022 to $1.6M in 2023) warrants further investigation.
Strengths
Consistently high program spending ratio (e.g., 85% in 202306).
No officer compensation reported across all filings, indicating strong financial transparency and dedication to mission.
Substantial growth in assets over the past decade, demonstrating financial stability and capacity.
Low liabilities relative to assets, suggesting good financial health (e.g., $20,738 liabilities vs. $6,893,891 assets in 202306).
Spending Breakdown
How Nurturing Minds Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Nurturing Minds Inc
Is Nurturing Minds Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nurturing Minds Inc (EIN: 208870624) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
Is Nurturing Minds Inc a good charity to donate to?
Nurturing Minds Inc has a Mission Score of 92/100. Revenue: $5.2M. Assets: $10.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Nurturing Minds Inc?
The Employer Identification Number (EIN) for Nurturing Minds Inc is 208870624. 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 Nurturing Minds Inc spend its money?
Nurturing Minds Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Nurturing Minds Inc's tax-exempt status?
You can verify Nurturing Minds Inc's tax-exempt status using EIN 208870624 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
Nurturing Minds Inc demonstrates a strong commitment to its programmatic mission, consistently allocating a significant portion of its expenses to programs. For instance, in the 202306 period, with total expenses of $1,921,714, the organization reported 85% of its spending on program services, indicating efficient use of donor funds towards its stated goals. The organization has also shown substantial growth in assets, from $279,618 in 201506 to $6,893,891 in 202306, suggesting effective financial management and accumulation of resources to support its long-term objectives.
While the organization's revenue has fluctuated, experiencing a dip from $3,598,945 in 202206 to $1,587,681 in 202306, its asset base remains robust. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of financial transparency and a focus on directing resources to beneficiaries rather than executive salaries. This practice enhances trust and demonstrates a strong ethical stance regarding compensation.
Overall, Nurturing Minds Inc appears to be in good financial health, characterized by strong program spending, significant asset growth, and excellent transparency regarding executive compensation. The recent decrease in revenue warrants monitoring, but the organization's historical performance and asset base suggest resilience.