Youth Development
(O50)
IRS Verified
DX Registered
990 on File
MINDS MATTER
Financial strength (30%)
65/100
Reliability (20%)
55/100
Effectiveness (25%)
71/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Minds Matter Boston’s mission is to equip highly motivated students from low-income communities with the resources needed to gain admission to, enroll in, and graduate from four-year colleges. Since opening our doors in 2003, 100% of our graduates have been accepted to four-year undergraduate institutions, a statistic that is well above the Boston Public School average.
Financial Overview — FY 2024
$1.5M
Total Revenue
$1.6M
Total Expenses
$2.8M
Net Assets
12
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
72.6%
Fundraising Efficiency
272.4%
Operating Reserve
21.72x
Liability-to-Asset
2.6%
Revenue Diversification
98.8%
Executive Compensation
$128K
Compared with Peers
FY 2024
Compared with 1,314 similar organizations
(United States, Youth Development, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
72.6% | 81.5% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
11.4% | 11.7% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
16.0% | 4.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
272.4% | 151.9% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
21.7 mo | 11.3 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
2.6% | 9.1% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
98.8% | 89.1% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
-20.7% | 9.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
27.7% | 10.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-1.5% | 1.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $1.5M | $1.6M | $2.8M | 72.6% | 12 |
| 2023 | $1.9M | $1.2M | $2.8M | 65.3% | 8 |
| 2022 | $1.4M | $838K | $2.1M | 72.1% | 4 |
| 2021 | $984K | $564K | N/A | — | 4 |
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