Active Minds Inc
Active Minds Inc. shows strong revenue growth and asset accumulation with consistent surpluses in recent fiscal years.
EIN: 200587172 · Washington, DC · NTEE: F30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.1M |
| Total Expenses | $7.8M |
| Program Spending | 75% |
| Net Assets | $14.7M |
| Transparency Score | 85/100 |
Is Active Minds Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Active Minds Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Active Minds Inc
Active Minds Inc (EIN: 200587172) is a nonprofit organization based in Washington, DC, classified under NTEE code F30. The organization reported total revenue of $9.1M and total assets of $13.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Active Minds Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Active Minds Inc is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.1M |
| Total Expenses | $7.8M |
| Surplus / Deficit | +$3.3M |
| Total Assets | $16.4M |
| Total Liabilities | $1.7M |
| Net Assets | $14.7M |
| Operating Margin | 29.8% |
| Debt-to-Asset Ratio | 10.6% |
| Months of Reserves | 25.3 months |
Financial Health Grade: A
In 2023, Active Minds Inc reported a surplus of $3.3M with revenue exceeding expenses, holds 25.3 months of operating reserves (strong position), has a debt-to-asset ratio of 10.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Active Minds Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.4% | +65.7% | +40.8% |
| 2022 | +81.7% | +93.1% | +79.5% |
| 2021 | +101.7% | -3.7% | +94.0% |
| 2020 | -39.2% | +22.5% | +15.0% |
| 2019 | +118.8% | -3.2% | +487.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Active Minds Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Active Minds Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.6%.
Executive Compensation Analysis
The provided data consistently reports 0% officer compensation across all listed fiscal periods, which is unusual for an organization of this size and revenue. This suggests that executive compensation may be reported under other categories or is indeed very low, which would be a positive indicator of resource allocation towards programmatic activities.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Active Minds Inc's IRS 990 filings:
- Lack of detailed breakdown for program, administrative, and fundraising expenses in provided summary data, making it difficult to fully assess spending efficiency.
- Consistent reporting of 0% officer compensation, which may obscure actual executive remuneration if reported under other categories.
Strengths
The following positive indicators were identified for Active Minds Inc:
- Strong and consistent revenue growth, increasing from $2.0M in 2018 to $11.1M in 2023.
- Significant asset accumulation, growing from $0.5M in 2018 to $16.4M in 2023, indicating robust financial health.
- Consistent financial surpluses in recent years, with revenue exceeding expenses (e.g., $11.1M revenue vs. $7.8M expenses in 2023).
- Healthy asset-to-liability ratio, demonstrating strong financial management and low financial risk.
Frequently Asked Questions about Active Minds Inc
Is Active Minds Inc a legitimate charity?
Active Minds Inc (EIN: 200587172) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $9.1M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Active Minds Inc spend its money?
Active Minds Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Active Minds Inc tax-deductible?
Active Minds Inc is registered as a tax-exempt nonprofit (EIN: 200587172). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Active Minds Inc's spending goes to programs?
Active Minds Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Active Minds Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Active Minds Inc is above average for NTEE category F30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Active Minds Inc located?
Active Minds Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 200587172. It is classified under NTEE code F30.
How many years of IRS 990 filings does Active Minds Inc have?
Active Minds Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $9.1M in total revenue.
Is Active Minds Inc. financially stable?
Yes, Active Minds Inc. appears financially stable, demonstrating consistent revenue growth and significant asset accumulation. For instance, in 2023, revenue was $11,119,249 against expenses of $7,803,423, resulting in a substantial surplus, and assets grew to $16,441,468.
How has Active Minds Inc.'s revenue changed over time?
Active Minds Inc. has experienced substantial revenue growth, increasing from $2,045,302 in 2018 to $11,119,249 in 2023, indicating a strong upward trend in funding and support.
What is the organization's asset growth like?
The organization's assets have grown dramatically, from $496,187 in 2018 to $16,441,468 in 2023, reflecting significant financial health and capacity building.
Does Active Minds Inc. have high liabilities?
No, Active Minds Inc. generally maintains a healthy balance between assets and liabilities. For example, in 2023, assets were $16,441,468 while liabilities were $1,741,210, indicating a strong financial position.
Filing History
IRS 990 filing history for Active Minds Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Active Minds Inc's revenue has grown by 876.1%, moving from $1.1M to $11.1M. Total assets increased by 1794.7% over the same period, from $868K to $16.4M. Total functional expenses rose by 865.5%, from $808K to $7.8M. In its most recent filing year (2023), Active Minds Inc reported a surplus of $3.3M, with revenue exceeding expenses. The organization holds $1.7M in liabilities against $16.4M in assets (debt-to-asset ratio: 10.6%), resulting in net assets of $14.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.1M | $7.8M | $16.4M | $1.7M | — | View 990 |
| 2022 | $10.0M | $4.7M | $11.7M | $482K | — | View 990 |
| 2021 | $5.5M | $2.4M | $6.5M | $509K | — | — |
| 2020 | $2.7M | $2.5M | $3.4M | $411K | — | View 990 |
| 2019 | $4.5M | $2.1M | $2.9M | $162K | — | View 990 |
| 2018 | $2.0M | $2.1M | $496K | $150K | — | View 990 |
| 2017 | $1.8M | $2.0M | $540K | $105K | — | View 990 |
| 2016 | $2.0M | $1.8M | $800K | $139K | — | View 990 |
| 2015 | $1.3M | $1.6M | $504K | $86K | — | View 990 |
| 2014 | $1.5M | $1.4M | $727K | $73K | — | View 990 |
| 2013 | $1.4M | $1.4M | $615K | $43K | — | View 990 |
| 2012 | $1.1M | $1.4M | $613K | $38K | — | View 990 |
| 2011 | $1.1M | $808K | $868K | $25K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.1M, expenses of $7.8M, and assets of $16.4M (revenue +11.4% year-over-year).
- 2022: Revenue of $10.0M, expenses of $4.7M, and assets of $11.7M (revenue +81.7% year-over-year).
- 2021: Revenue of $5.5M, expenses of $2.4M, and assets of $6.5M (revenue +101.7% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.5M, and assets of $3.4M (revenue -39.2% year-over-year).
- 2019: Revenue of $4.5M, expenses of $2.1M, and assets of $2.9M (revenue +118.8% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.1M, and assets of $496K (revenue +12.7% year-over-year).
- 2017: Revenue of $1.8M, expenses of $2.0M, and assets of $540K (revenue -9.5% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.8M, and assets of $800K (revenue +48.8% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.6M, and assets of $504K (revenue -9.6% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.4M, and assets of $727K (revenue +4.4% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $615K (revenue +24.6% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.4M, and assets of $613K (revenue +0.6% year-over-year).
- 2011: Revenue of $1.1M, expenses of $808K, and assets of $868K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Active Minds Inc:
Data Sources and Methodology
This transparency report for Active Minds Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.