Renew Your Mind
Renew Your Mind consistently operates on a lean budget with no reported officer compensation, showing recent asset growth.
EIN: 10932512 · Anchorage, AK · NTEE: F22 · Updated: 2026-03-27
Is Renew Your Mind Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Renew Your Mind directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Renew Your Mind
Renew Your Mind (EIN: 10932512) is a nonprofit organization based in Anchorage, AK, classified under NTEE code F22. The organization reported total revenue of $140K and total assets of $48K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Renew Your Mind's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Renew Your Mind is a small nonprofit that has been operating for 11 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $145K |
| Total Expenses | $122K |
| Surplus / Deficit | +$23K |
| Total Assets | $35K |
| Total Liabilities | $1K |
| Net Assets | $34K |
| Operating Margin | 15.6% |
| Debt-to-Asset Ratio | 4.1% |
| Months of Reserves | 3.5 months |
Financial Health Grade: A
In 2023, Renew Your Mind reported a surplus of $23K with revenue exceeding expenses, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 4.1% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Renew Your Mind's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.6% | +17.9% | +184.5% |
| 2022 | +8.2% | +10.6% | -0.9% |
| 2021 | -3.4% | -5.1% | +20.1% |
| 2020 | +10.1% | +11.0% | +5.6% |
| 2019 | -9.9% | -7.6% | +11.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
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 Renew Your Mind with a Mission Score of 88 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, Renew Your Mind 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 $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.1%.
Executive Compensation Analysis
Officer compensation has been reported as 0% across all ten years of filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for donor confidence.
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 Renew Your Mind's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data prevents precise efficiency analysis.
Strengths
The following positive indicators were identified for Renew Your Mind:
- Consistent reporting of 0% officer compensation across all filings.
- Low liabilities, typically under $1,500, indicating strong financial management.
- Recent growth in assets, from $12,369 in 2022 to $35,188 in 2023, enhancing financial stability.
- Consistent operation with expenses closely aligned to revenue, suggesting efficient use of funds.
Frequently Asked Questions about Renew Your Mind
Is Renew Your Mind a legitimate charity?
Based on AI analysis of IRS 990 filings, Renew Your Mind (EIN: 10932512) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does Renew Your Mind spend its money?
Renew Your Mind directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Renew Your Mind tax-deductible?
Renew Your Mind is registered as a tax-exempt nonprofit (EIN: 10932512). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Renew Your Mind a good charity?
Based on the provided financial data, Renew Your Mind appears to be a well-managed and efficient charity. It consistently spends nearly all its revenue on its mission, maintains low liabilities, and reports no officer compensation, which are strong positive indicators.
How has Renew Your Mind's financial health changed over time?
Renew Your Mind has shown consistent revenue generation over the past decade, generally around $100,000 annually, with a notable increase to $144,720 in 2023. Assets have also grown significantly in recent years, from $12,369 in 2022 to $35,188 in 2023, indicating improving financial health and capacity.
What is Renew Your Mind's approach to executive compensation?
Renew Your Mind reports 0% officer compensation in all available filings, suggesting a strong commitment to directing funds towards its mission rather than executive salaries. This is a highly positive aspect for transparency and donor trust.
Filing History
IRS 990 filing history for Renew Your Mind showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Renew Your Mind's revenue has grown by 153%, moving from $57K to $145K. Total assets increased by 18518% over the same period, from $189 to $35K. Total functional expenses rose by 114.3%, from $57K to $122K. In its most recent filing year (2023), Renew Your Mind reported a surplus of $23K, with revenue exceeding expenses. The organization holds $1K in liabilities against $35K in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $34K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $145K | $122K | $35K | $1K | — | View 990 |
| 2022 | $104K | $104K | $12K | $1K | — | View 990 |
| 2021 | $96K | $94K | $12K | $1K | — | View 990 |
| 2020 | $99K | $99K | $10K | $1K | — | — |
| 2019 | $90K | $89K | $10K | $1K | — | View 990 |
| 2018 | $100K | $96K | $9K | $1K | — | View 990 |
| 2017 | $105K | $104K | $5K | $1K | — | View 990 |
| 2016 | $108K | $117K | $5K | $1K | — | View 990 |
| 2015 | $82K | $70K | $12K | $0 | — | View 990 |
| 2014 | $57K | $57K | $189 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $145K, expenses of $122K, and assets of $35K (revenue +39.6% year-over-year).
- 2022: Revenue of $104K, expenses of $104K, and assets of $12K (revenue +8.2% year-over-year).
- 2021: Revenue of $96K, expenses of $94K, and assets of $12K (revenue -3.4% year-over-year).
- 2020: Revenue of $99K, expenses of $99K, and assets of $10K (revenue +10.1% year-over-year).
- 2019: Revenue of $90K, expenses of $89K, and assets of $10K (revenue -9.9% year-over-year).
- 2018: Revenue of $100K, expenses of $96K, and assets of $9K (revenue -4.7% year-over-year).
- 2017: Revenue of $105K, expenses of $104K, and assets of $5K (revenue -3.1% year-over-year).
- 2016: Revenue of $108K, expenses of $117K, and assets of $5K (revenue +31.5% year-over-year).
- 2015: Revenue of $82K, expenses of $70K, and assets of $12K (revenue +44.0% year-over-year).
- 2014: Revenue of $57K, expenses of $57K, and assets of $189.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Renew Your Mind:
Data Sources and Methodology
This transparency report for Renew Your Mind 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.