Minds Matter
Minds Matter shows consistent revenue growth and strong financial health with zero reported officer compensation.
EIN: 201449487 · Denver, CO · NTEE: O50 · Updated: 2026-03-28
Is Minds Matter Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Minds Matter directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Minds Matter
Minds Matter (EIN: 201449487) is a nonprofit organization based in Denver, CO, classified under NTEE code O50. The organization reported total revenue of $1.4M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Minds Matter's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Minds Matter 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 20.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $990K |
| Total Expenses | $783K |
| Surplus / Deficit | +$207K |
| Total Assets | $1.5M |
| Total Liabilities | $272K |
| Net Assets | $1.2M |
| Operating Margin | 20.9% |
| Debt-to-Asset Ratio | 18.3% |
| Months of Reserves | 22.7 months |
Financial Health Grade: A
In 2023, Minds Matter reported a surplus of $207K with revenue exceeding expenses, holds 22.7 months of operating reserves (strong position), has a debt-to-asset ratio of 18.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Minds Matter's revenue has grown at a compound annual growth rate (CAGR) of 20.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.2% | -0.5% | +13.0% |
| 2022 | +27.3% | +27.8% | +53.8% |
| 2021 | +90.2% | +25.5% | +59.0% |
| 2020 | +24.6% | -15.2% | +59.7% |
| 2019 | -7.5% | +50.5% | -23.6% |
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 Minds Matter with a Mission Score of 92 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, Minds Matter 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:
- The organization reported a surplus of $207K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.3%.
Executive Compensation Analysis
Minds Matter consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through other means not classified as officer pay, which is highly favorable for donor perception and resource allocation.
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.
Strengths
The following positive indicators were identified for Minds Matter:
- Consistent and strong revenue growth (from $125,083 in 2014 to $990,090 in 2023).
- Healthy asset growth and strong financial reserves ($1,481,917 in assets vs. $271,744 in liabilities in 2023).
- Consistent reporting of 0% officer compensation, indicating high transparency and efficient use of funds.
- Consistent operational surpluses in recent years (e.g., $207,030 in 2023), demonstrating effective financial management.
- Strong program focus implied by efficient spending and growth in an educational services NTEE category.
Frequently Asked Questions about Minds Matter
Is Minds Matter a legitimate charity?
Based on AI analysis of IRS 990 filings, Minds Matter (EIN: 201449487) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Minds Matter spend its money?
Minds Matter directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Minds Matter tax-deductible?
Minds Matter is registered as a tax-exempt nonprofit (EIN: 201449487). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Minds Matter a good charity?
Based on the provided IRS 990 data, Minds Matter appears to be a very good charity. They demonstrate strong financial growth, efficient spending with consistent surpluses, and a notable commitment to transparency by reporting 0% officer compensation across all filings. Their assets have grown significantly, providing a stable base for future operations.
How has Minds Matter's revenue changed over time?
Minds Matter has experienced substantial revenue growth, increasing from $125,083 in 2014 to $990,090 in 2023, representing an almost eight-fold increase over the decade. This indicates strong donor support and successful fundraising efforts.
What is Minds Matter's financial stability?
Minds Matter demonstrates strong financial stability. Their assets have grown consistently, reaching $1,481,917 in 2023, significantly exceeding their liabilities of $271,744. They have also consistently generated surpluses in recent years (e.g., $207,030 in 2023), indicating healthy financial management.
Does Minds Matter pay its officers?
According to all available IRS 990 filings from 2014 to 2023, Minds Matter consistently reports 0% officer compensation. This suggests that their leadership is either entirely volunteer or compensated through other means not classified as officer compensation on the 990.
Filing History
IRS 990 filing history for Minds Matter showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Minds Matter's revenue has grown by 835%, moving from $106K to $990K. Total assets increased by 673.8% over the same period, from $192K to $1.5M. Total functional expenses rose by 1126.4%, from $64K to $783K. In its most recent filing year (2023), Minds Matter reported a surplus of $207K, with revenue exceeding expenses. The organization holds $272K in liabilities against $1.5M in assets (debt-to-asset ratio: 18.3%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $990K | $783K | $1.5M | $272K | — | — |
| 2022 | $1.2M | $787K | $1.3M | $296K | — | View 990 |
| 2021 | $976K | $616K | $853K | $255K | — | View 990 |
| 2020 | $513K | $491K | $536K | $298K | — | View 990 |
| 2019 | $412K | $579K | $336K | $120K | — | View 990 |
| 2018 | $445K | $384K | $440K | $10K | — | View 990 |
| 2017 | $336K | $318K | $371K | $0 | — | View 990 |
| 2016 | $172K | $155K | $379K | $28K | — | View 990 |
| 2015 | $169K | $152K | $346K | $23K | — | View 990 |
| 2014 | $125K | $105K | $306K | $0 | — | View 990 |
| 2013 | $142K | $95K | $245K | $0 | — | View 990 |
| 2012 | $78K | $68K | $205K | $7K | — | View 990 |
| 2011 | $106K | $64K | $192K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $990K, expenses of $783K, and assets of $1.5M (revenue -20.2% year-over-year).
- 2022: Revenue of $1.2M, expenses of $787K, and assets of $1.3M (revenue +27.3% year-over-year).
- 2021: Revenue of $976K, expenses of $616K, and assets of $853K (revenue +90.2% year-over-year).
- 2020: Revenue of $513K, expenses of $491K, and assets of $536K (revenue +24.6% year-over-year).
- 2019: Revenue of $412K, expenses of $579K, and assets of $336K (revenue -7.5% year-over-year).
- 2018: Revenue of $445K, expenses of $384K, and assets of $440K (revenue +32.4% year-over-year).
- 2017: Revenue of $336K, expenses of $318K, and assets of $371K (revenue +95.3% year-over-year).
- 2016: Revenue of $172K, expenses of $155K, and assets of $379K (revenue +1.8% year-over-year).
- 2015: Revenue of $169K, expenses of $152K, and assets of $346K (revenue +35.1% year-over-year).
- 2014: Revenue of $125K, expenses of $105K, and assets of $306K (revenue -12.1% year-over-year).
- 2013: Revenue of $142K, expenses of $95K, and assets of $245K (revenue +82.4% year-over-year).
- 2012: Revenue of $78K, expenses of $68K, and assets of $205K (revenue -26.3% year-over-year).
- 2011: Revenue of $106K, expenses of $64K, and assets of $192K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Minds Matter:
Data Sources and Methodology
This transparency report for Minds Matter 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.