Food For Hungry Minds

Food For Hungry Minds shows consistent asset growth and zero liabilities, with fluctuating revenue and no officer compensation.

EIN: 201331977 · Circle Pines, MN · NTEE: B02 · Updated: 2026-03-28

$240KRevenue
$707KAssets
80/100Mission Score (Excellent)
B02

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Food For Hungry Minds Financial Summary
MetricValue
Total Revenue$240K
Total Expenses$3K
Program Spending85%
Net Assets$596K
Transparency Score80/100

Search Intent Cockpit

Food For Hungry Minds Form 990, Revenue, CEO Pay, and IRS Filing Signals

Food For Hungry Minds is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Food For Hungry Minds in one place.

Form 990 Filing Summary

12 filing years are available, with latest revenue of $163K and expenses of $3K.

Revenue and Expenses

Food For Hungry Minds reported $163K in revenue and $3K in expenses, a surplus of $160K.

Executive Compensation

Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.

Charity Score and Red Flags

80/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.

Is Food For Hungry Minds Legit?

Some Concerns

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
85%Program Expense
$0Grants Paid
12Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

Food For Hungry Minds Expense Deployment
Program services$2K (85%)

Across stored filings, Food For Hungry Minds shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Food For Hungry Minds Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 2 red flags identified
Mission spend85% to programsExcellent
Financial durabilityGrade A12 stored filing years
Peer contextCompare with North American Lake Management SocietyMinnesota and Education context

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Food For Hungry Minds directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Food For Hungry Minds

Food For Hungry Minds (EIN: 201331977) is a nonprofit organization based in Circle Pines, MN, classified under NTEE code B02. The organization reported total revenue of $240K and total assets of $707K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Food For Hungry Minds's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

21Years Operating
SmallSize Classification
12Years of Filings
MixedRevenue Trajectory

Food For Hungry Minds is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$163K
Total Expenses$3K
Surplus / Deficit+$160K
Total Assets$596K
Net Assets$596K
Operating Margin98.2%
Months of Reserves2463.7 months

Financial Health Grade: A

In 2023, Food For Hungry Minds reported a surplus of $160K with revenue exceeding expenses, holds 2463.7 months of operating reserves (strong position).

Financial Trends

Over 12 years of filings (2012–2023), Food For Hungry Minds's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.

YearRevenue ChangeExpense ChangeAsset Change
2023-51.1%-98.7%+36.9%
2022+141.1%-15.8%+34.9%
2021-21.9%+2.3%-27.9%
2020-55.7%-5.2%-15.1%
2019+159.9%+0.3%+32.5%

IRS Tax-Exempt Classification

IRS Classification Codes2000
IRS Ruling Date2005

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Food For Hungry Minds demonstrates a generally healthy financial position with consistent asset growth over the past decade, reaching $706,711 in the latest period. The organization has consistently reported zero liabilities, indicating strong financial management and a lack of debt. Revenue has fluctuated significantly year-to-year, from a low of $138,748 in 2021 to a high of $574,899 in 2017, suggesting reliance on variable funding sources. Despite these fluctuations, the organization has managed to grow its assets, particularly noting a substantial increase from $435,302 in 2022 to $595,799 in 2023, even with lower revenue in 2023 compared to 2022. This indicates effective asset accumulation and management. Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the organization consistently reports 0% officer compensation, which is a positive indicator of efficient use of funds and a commitment to directing resources towards its mission rather than high executive salaries. The significant difference between revenue and expenses in some years, such as 2023 where revenue was $163,399 and expenses were only $2,902, suggests either substantial unspent funds being added to assets or a reporting anomaly that warrants further investigation into the detailed 990 forms. This discrepancy makes it challenging to fully evaluate spending efficiency for that specific year. In terms of transparency, the organization has a robust filing history with 12 filings, indicating consistent compliance with IRS reporting requirements. The consistent reporting of zero officer compensation enhances transparency and trust. However, without a detailed functional expense breakdown, it's challenging for external stakeholders to fully understand how funds are allocated across programs, administration, and fundraising. The large disparity between revenue and expenses in certain years, particularly 2023, could raise questions for a donor seeking to understand the immediate impact of their contributions.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Food For Hungry Minds with a Mission Score of 80 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: 10%
  • programs: 85%
  • fundraising: 5%

According to IRS 990 filings, Food For Hungry Minds allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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:

$163KTotal Revenue
$3KTotal Expenses
$596KTotal Assets
$596KNet Assets
  • The organization reported a surplus of $160K, with revenue exceeding expenses.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filing periods, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of its size and suggests a volunteer-led or very lean operational model.

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 Food For Hungry Minds's IRS 990 filings:

  • Significant year-over-year revenue volatility
  • Unusually low expenses in 2023 ($2,902) compared to revenue ($163,399) and prior years, warranting further investigation into detailed filings.

Strengths

The following positive indicators were identified for Food For Hungry Minds:

  • Consistent asset growth over the past decade, reaching $706,711.
  • Zero reported liabilities across all filing periods, indicating strong financial solvency.
  • 0% officer compensation consistently reported, suggesting highly efficient use of funds for mission-related activities.
  • Robust filing history with 12 IRS 990 filings, demonstrating transparency and compliance.

Frequently Asked Questions about Food For Hungry Minds

Is Food For Hungry Minds a legitimate charity?

Food For Hungry Minds (EIN: 201331977) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 80/100. It has 12 years of IRS 990 filings on record. Total revenue: $240K. 2 red flags identified. 4 strengths noted. Financial health grade: A.

How does Food For Hungry Minds spend its money?

Food For Hungry Minds directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.

Are donations to Food For Hungry Minds tax-deductible?

Food For Hungry Minds is registered as a tax-exempt nonprofit (EIN: 201331977). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What percentage of Food For Hungry Minds's spending goes to programs?

Food For Hungry Minds directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.

How does Food For Hungry Minds compare to similar nonprofits?

With a transparency score of 80/100 (Excellent), Food For Hungry Minds is above average for NTEE category B02 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is Food For Hungry Minds located?

Food For Hungry Minds is headquartered in Circle Pines, Minnesota and files with the IRS under EIN 201331977. It is classified under NTEE code B02.

How many years of IRS 990 filings does Food For Hungry Minds have?

Food For Hungry Minds has 12 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 $240K in total revenue.

How does Food For Hungry Minds manage to operate with 0% officer compensation?

The consistent reporting of 0% officer compensation suggests that the organization is either entirely volunteer-run at the executive level or that executive services are provided pro bono, which is highly efficient for a nonprofit.

What caused the significant drop in expenses to $2,902 in 2023, given revenue of $163,399?

The extremely low expenses in 2023 compared to revenue and prior years' expenses ($221,786 in 2022) is a notable anomaly that would require reviewing the detailed 990 form to understand if it represents a change in operations, a reporting error, or a year with minimal activity and significant asset accumulation.

What is the organization's strategy for managing highly fluctuating annual revenues?

With revenues ranging from $138,748 to $574,899, the organization likely relies on a diversified funding strategy or experiences variability in grant cycles or major donor contributions. The consistent asset growth suggests effective management of these fluctuations.

Filing History

IRS 990 filing history for Food For Hungry Minds showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Food For Hungry Minds's revenue has grown by 78.8%, moving from $91K to $163K. Total assets increased by 201.4% over the same period, from $198K to $596K. Total functional expenses fell by 99.2%, from $371K to $3K. In its most recent filing year (2023), Food For Hungry Minds reported a surplus of $160K, with revenue exceeding expenses.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2023 $163K $3K $596K $0 View 990
2022 $334K $222K $435K $0 View 990
2021 $139K $264K $323K $0 View 990
2020 $178K $258K $447K $0 View 990
2019 $402K $272K $527K $0 View 990
2018 $154K $271K $397K $0
2017 $575K $293K $514K $0 View 990
2016 $355K $272K $232K $0 View 990
2015 $241K $335K $150K $0 View 990
2014 $338K $302K $245K $0 View 990
2013 $342K $331K $209K $434 View 990
2012 $91K $371K $198K $526 View 990

Year-by-Year Financial Summary

  • 2023: Revenue of $163K, expenses of $3K, and assets of $596K (revenue -51.1% year-over-year).
  • 2022: Revenue of $334K, expenses of $222K, and assets of $435K (revenue +141.1% year-over-year).
  • 2021: Revenue of $139K, expenses of $264K, and assets of $323K (revenue -21.9% year-over-year).
  • 2020: Revenue of $178K, expenses of $258K, and assets of $447K (revenue -55.7% year-over-year).
  • 2019: Revenue of $402K, expenses of $272K, and assets of $527K (revenue +159.9% year-over-year).
  • 2018: Revenue of $154K, expenses of $271K, and assets of $397K (revenue -73.1% year-over-year).
  • 2017: Revenue of $575K, expenses of $293K, and assets of $514K (revenue +62.2% year-over-year).
  • 2016: Revenue of $355K, expenses of $272K, and assets of $232K (revenue +47.4% year-over-year).
  • 2015: Revenue of $241K, expenses of $335K, and assets of $150K (revenue -28.9% year-over-year).
  • 2014: Revenue of $338K, expenses of $302K, and assets of $245K (revenue -1.1% year-over-year).
  • 2013: Revenue of $342K, expenses of $331K, and assets of $209K (revenue +274.3% year-over-year).
  • 2012: Revenue of $91K, expenses of $371K, and assets of $198K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Food For Hungry Minds:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing

Data Sources and Methodology

This transparency report for Food For Hungry 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.

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