Caring For Young Minds
EIN: 522452720 · Randallstown, MD · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $177K |
| Total Expenses | $96K |
| Net Assets | $43K |
Is Caring For Young Minds Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Caring For Young Minds
Caring For Young Minds (EIN: 522452720) is a nonprofit organization based in Randallstown, MD, classified under NTEE code O50. The organization reported total revenue of $177K and total assets of $9K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caring For Young Minds's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Caring For Young Minds is a small nonprofit that has been operating for 6 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 24.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $99K |
| Total Expenses | $96K |
| Surplus / Deficit | +$2K |
| Total Assets | $43K |
| Net Assets | $43K |
| Operating Margin | 2.5% |
| Months of Reserves | 5.4 months |
Financial Health Grade: A
In 2023, Caring For Young Minds reported a surplus of $2K with revenue exceeding expenses, holds 5.4 months of operating reserves (adequate).
Financial Trends
Over 9 years of filings (2015–2023), Caring For Young Minds's revenue has grown at a compound annual growth rate (CAGR) of 24.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -48.3% | -49.6% | +2847.0% |
| 2022 | +26.0% | +26.3% | -95.0% |
| 2021 | +96.1% | +95.6% | +14595.5% |
| 2020 | -26.0% | -25.9% | +0.0% |
| 2019 | -23.6% | -21.9% | +900.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Caring For Young Minds has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Caring For Young Minds with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
Frequently Asked Questions about Caring For Young Minds
Is Caring For Young Minds a legitimate charity?
Based on AI analysis of IRS 990 filings, Caring For Young Minds (EIN: 522452720) insufficient data. 0 red flags identified, 0 strengths noted.
How does Caring For Young Minds spend its money?
Detailed spending breakdown data is not yet available for Caring For Young Minds. Check back for updated IRS 990 analysis.
Are donations to Caring For Young Minds tax-deductible?
Caring For Young Minds is registered as a tax-exempt nonprofit (EIN: 522452720). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Caring For Young Minds located?
Caring For Young Minds is headquartered in Randallstown, Maryland and files with the IRS under EIN 522452720. It is classified under NTEE code O50.
How many years of IRS 990 filings does Caring For Young Minds have?
Caring For Young Minds has 9 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 $177K in total revenue.
Filing History
IRS 990 filing history for Caring For Young Minds showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Caring For Young Minds's revenue has grown by 474.6%, moving from $17K to $99K. Total functional expenses rose by 434.3%, from $18K to $96K. In its most recent filing year (2023), Caring For Young Minds reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $99K | $96K | $43K | $0 | — | View 990 |
| 2022 | $191K | $191K | $1K | $0 | — | View 990 |
| 2021 | $152K | $152K | $29K | $0 | — | View 990 |
| 2020 | $78K | $78K | $200 | $0 | — | View 990 |
| 2019 | $105K | $105K | $200 | $0 | — | View 990 |
| 2018 | $137K | $134K | $20 | $0 | — | — |
| 2017 | $82K | $126K | $20 | $0 | — | View 990 |
| 2016 | $81K | $121K | $21 | $0 | — | View 990 |
| 2015 | $17K | $18K | $0 | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $99K, expenses of $96K, and assets of $43K (revenue -48.3% year-over-year).
- 2022: Revenue of $191K, expenses of $191K, and assets of $1K (revenue +26.0% year-over-year).
- 2021: Revenue of $152K, expenses of $152K, and assets of $29K (revenue +96.1% year-over-year).
- 2020: Revenue of $78K, expenses of $78K, and assets of $200 (revenue -26.0% year-over-year).
- 2019: Revenue of $105K, expenses of $105K, and assets of $200 (revenue -23.6% year-over-year).
- 2018: Revenue of $137K, expenses of $134K, and assets of $20 (revenue +66.3% year-over-year).
- 2017: Revenue of $82K, expenses of $126K, and assets of $20 (revenue +1.9% year-over-year).
- 2016: Revenue of $81K, expenses of $121K, and assets of $21 (revenue +369.9% year-over-year).
- 2015: Revenue of $17K, expenses of $18K, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Caring For Young Minds:
Data Sources and Methodology
This transparency report for Caring For Young Minds 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.