Inspiring Minds of Greater Philadelphia
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO ENGAGE INSPIRE AND EMPOWER YOUTH TO REACH THEIR FULL POTENTIAL THROUGH EDUCATION AND EXPOSURE TO LIFE CHANGING EXPERIENCES.
- Income
- $99,890
- Spending
- $153,997
- Reserves
- 2.1 months of spending
- Largest source of income
- donations and private grants, 65%
- Highest pay
- $40,000, executive dir.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 21 out of 100. Higher than 4% of charities in its peer group (education, under $250k).
Reserves
10 of 35Spendable reserves would cover 2.1 months of spending.
Debt
5 of 20It owes 50% of what it owns.
Living within its means
0 of 15Spending exceeded income by 54% of income.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $97,473 spent. After-School ProgramOur After-school program is offered from 3:30PM to 5:00PM Monday through Thursday, a time when many students would otherwise be home alone while parents are at work. At Inspiring Minds, students can work in a happy, safe and structured environment that includes personalized tutoring, workshops, and the encouragement they need to become the next generation of leaders.We focus on the following five areas of impact on the youth in our community:Education: We assist our youth with homework; tutoring; provide them with learning activities focusing on reading, language arts, STEM, entrepreneurship, and financial literacy, provide them frequent monitoring of each student's interim grades, report cards, and state test scores; and provide our youth with incentives for student academic and behavioral achievement.College & Career Readiness: We provide our youth with career guidance and exploration; take them on company tours (including UPS, Google, Barclays, and GSK); provide them with college tours (colleges and universities visited include Penn State University, Ohio State University, Spelman College, Morehouse College, Alabama State University, Tulane University, Xavier University, Dillard University, Kent State, Duke University, University ot North Carolina, and others); and assist them with professional development such as resume writing, mock interviews, job shadowing, leadership retreats, and internship opportunities.Exposure to New Experiences: We have provided our youth with week-long trips and day trips to various destinations across the county. Inspiring Minds youth have explored diverse communities, visited museums, embraced cultural tradition, and have been introduced to new foods. We've also introduced our youth to professional athletes, famous entertainers, and CEOs.Health & Wellness: We teach our youth about nutrition and cooking; sports education through exposure to traditional and nontraditional sports such as football, basketball, soccer, volleyball, tennis, track and field; help them find exercises they enjoy such as swimming, dance, boxing, weight lifting, yoga, tai-chi and more; and teach them about personal hygiene.Personal Development: We require 100% participation in our activities to encourage students to try new things outside of their comfort zone. Inspiring Minds sets expectations for acceptable behaviors such as regular attendance, participation, respect for staff and peers, to develop character within our students. We also provide our youth with opportunities to plan, organize and participate in community service projects.THIS PROGRAM WAS ALSO SUPPORTED DURING THE YEAR BY IN KIND DONATIONS OF SERVICES INCLUDING CLASSROOM USE VALUED AT $18,000, INTERNET USE VALUED AT $900 AND TRAINING SERVICES VALUED AT $3,000.
- $24,401 spent. Summer Enrichment ProgramSummer programming includes a combination of fun activities focused on academics,sports, health and new experiences. Students retain knowledge they would typicallylose during the summer off from school, and they are in a safe environment surrounded by positive role models that can lead them to a promising future. This year, we offered a STEAM Mentoring Camp for Grades 7-10.This program also focuses on the five areas of impact detailed in the first program description: (1) Education, (2) College and Career Readiness, (3) Exposure to NewExperiences, (4) Heath & Wellness, and (5) Personal Development.THIS PROGRAM WAS ALSO SUPPORTED DURING THE YEAR BY IN KIND DONATIONS OF SERVICES INCLUDING BUILDING AND CLASSROOM USE VALUED AT $2000 AND INTERNET VALUED AT $300.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 2020.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.