Young Mind Community Center
EIN: 824860640 · Phoenix, AZ · NTEE: B21
| Metric | Value |
|---|---|
| Total Revenue | $248K |
| Total Expenses | $440K |
| Net Assets | $355K |
Is Young Mind Community Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Young Mind Community Center
Young Mind Community Center (EIN: 824860640) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code B21. The organization reported total revenue of $248K and total assets of $255K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Young Mind Community Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Young Mind Community Center is a small nonprofit that has been operating for 7 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 46.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $465K |
| Total Expenses | $440K |
| Surplus / Deficit | +$24K |
| Total Assets | $355K |
| Net Assets | $355K |
| Operating Margin | 5.2% |
| Months of Reserves | 9.7 months |
Financial Health Grade: A
In 2023, Young Mind Community Center reported a surplus of $24K with revenue exceeding expenses, holds 9.7 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2018–2023), Young Mind Community Center's revenue has grown at a compound annual growth rate (CAGR) of 46.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.7% | +11.0% | +7.3% |
| 2022 | +73.7% | +31.3% | +146.9% |
| 2021 | +154.3% | +103.7% | +41.6% |
| 2020 | -60.6% | -19.5% | -59.2% |
| 2019 | +392.4% | +56.6% | +347.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Young Mind Community Center 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 Young Mind Community Center 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 $24K, with revenue exceeding expenses.
Frequently Asked Questions about Young Mind Community Center
Is Young Mind Community Center a legitimate charity?
Young Mind Community Center (EIN: 824860640) is a registered tax-exempt nonprofit based in Arizona. It has 6 years of IRS 990 filings on record. Total revenue: $248K. No red flags identified. Financial health grade: A.
How does Young Mind Community Center spend its money?
Young Mind Community Center reported $248K in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Young Mind Community Center tax-deductible?
Young Mind Community Center is registered as a tax-exempt nonprofit (EIN: 824860640). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Young Mind Community Center located?
Young Mind Community Center is headquartered in Phoenix, Arizona and files with the IRS under EIN 824860640. It is classified under NTEE code B21.
How many years of IRS 990 filings does Young Mind Community Center have?
Young Mind Community Center has 6 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 $248K in total revenue.
Filing History
IRS 990 filing history for Young Mind Community Center showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Young Mind Community Center's revenue has grown by 570.4%, moving from $69K to $465K. Total assets increased by 584.9% over the same period, from $52K to $355K. Total functional expenses rose by 274.4%, from $118K to $440K. In its most recent filing year (2023), Young Mind Community Center reported a surplus of $24K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $465K | $440K | $355K | $0 | — | View 990 |
| 2022 | $594K | $397K | $331K | $0 | — | View 990 |
| 2021 | $342K | $302K | $134K | $0 | — | View 990 |
| 2020 | $134K | $148K | $95K | $0 | — | View 990 |
| 2019 | $341K | $184K | $232K | $123K | — | View 990 |
| 2018 | $69K | $118K | $52K | $100K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $465K, expenses of $440K, and assets of $355K (revenue -21.7% year-over-year).
- 2022: Revenue of $594K, expenses of $397K, and assets of $331K (revenue +73.7% year-over-year).
- 2021: Revenue of $342K, expenses of $302K, and assets of $134K (revenue +154.3% year-over-year).
- 2020: Revenue of $134K, expenses of $148K, and assets of $95K (revenue -60.6% year-over-year).
- 2019: Revenue of $341K, expenses of $184K, and assets of $232K (revenue +392.4% year-over-year).
- 2018: Revenue of $69K, expenses of $118K, and assets of $52K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Young Mind Community Center:
Data Sources and Methodology
This transparency report for Young Mind Community Center 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.