The Mind Trust Inc
Only null% goes to programs Strong reserves Growing revenue
The Mind Trust Inc is a 501(c)(3) organization based in Indianapolis, Indiana, registered in 2007, with $57,932,587 in FY2024 revenue. CharityIndex grades it B.
1630 N Meridian St Ste 450, Indianapolis, IN, 46202 EIN 20-4560286 Since 2007
Revenue (FY2024)
$57.9M
▲ 17.5% vs prior year
Education median: $200K
Expenses (FY2024)
$35.6M
Net assets
$54.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for The Mind Trust Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating18 mo reserves · +39% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Mind Trust Inc: 18 mo reserves · +39% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for The Mind Trust Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Mind Trust Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1630 N Meridian St Ste 450, Indianapolis, IN, 46202
- City
- Indianapolis
- State
- Indiana
- Category
- Education
- Subcategory
- Alliances, Advocacy & Professional Societies
- Website
- …
Financial trends
Revenue grew from $6.1M (FY2017) to $57.9M (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4.3MNet assets $54.4M
Operating margin
38.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$58.7M
Total liabilities
$4.3M
Net assets
$54.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $57,932,587▲17.5% | $35,611,037▼18.2% | $54,435,661▲73.3% | $58,731,314▲72.5% | 990 |
| 2023 | $49,302,138▲65.0% | $43,542,749▲101% | $31,407,252▲24.7% | $34,049,326▲28.8% | 990 |
| 2022 | $29,881,369▲176% | $21,711,220▲10.6% | $25,195,825▲48.0% | $26,440,445▲39.3% | 990 |
| 2021 | $10,830,656▼58.6% | $19,634,093▼10.8% | $17,025,676▼34.1% | $18,983,816▼33.3% | 990 |
| 2020 | $26,157,589▲29.1% | $22,006,276▲47.8% | $25,829,113▲19.2% | $28,455,192▲25.6% | 990 |
| 2019 | $20,265,397▲233% | $14,886,969▲25.1% | $21,677,800▲102% | $22,651,490▲105% | 990 |
| 2017 | $6,081,239 | $11,903,552▲154% | $10,713,967▲129% | $11,028,570▲133% | 990 |
| 2010 | — | $4,687,773 | $4,688,381 | $4,740,773 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $75.4M total
43 grants to The Mind Trust Inc totaling $75.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| City Fund | To support the expansion of high-quality public schools for students in indianapolis | 2024 | $10,000,000 |
| Central Indiana Community Foundation Inc | To be used at the organization's discretion | 2024 | $100,900 |
| Cambiar Education | Thrive grant recipient | 2024 | $62,500 |
| City Fund | To support capacity development of senior leadership | 2023 | $9,133,000 |
| National Philanthropic Tr | Health | 2023 | $5,520,000 |
| 50can Inc | To support summer boost | 2023 | $5,363,600 |
| City Fund | To support the launch of the education champion organization ready that aims to create a city-wide vision for education systems change to improve the education and life outcomes for rochester students.(the purpose). ready, shall be launched and led by dr. shanai lee, a rochester education fellow. | 2023 | $1,185,000 |
| Central Indiana Community Foundation Inc | The mind trust's go farther literacy fund & advancing educational equity | 2023 | $200,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $187,900 |
| Cambiar Education | Thrive grant recipient | 2023 | $62,500 |
| Indianapolis Foundation Inc | To be used at the organization's discretion | 2023 | $10,000 |
| City Fund | To support grantee's communications capacity, stakeholder engagement, and storytelling in indianapolis | 2022 | $11,339,000 |
| National Philanthropic Tr | Human services | 2022 | $5,525,000 |
| Central Indiana Community Foundation Inc | To be used at the organization's discretion | 2022 | $75,750 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $62,100 |
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Frequently asked questions
- Is The Mind Trust Inc a legitimate nonprofit?
- Yes. The Mind Trust Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-4560286, based in Indianapolis, Indiana. Donations are tax-deductible.
- What is The Mind Trust Inc's EIN?
- The Mind Trust Inc's Employer Identification Number (EIN) is 20-4560286.
- How much revenue does The Mind Trust Inc report?
- The Mind Trust Inc reported $57,932,587 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does The Mind Trust Inc have?
- CharityIndex grades The Mind Trust Inc B, based on financial health (reserves and operating margin).
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Data for The Mind Trust Inc (EIN 20-4560286) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.