MISSION
Organization main mission is to provide resource center where the youth are engaged to become better citizens by assisting them to focus on their education. We will also engage the parents of these youths by providing them new thoughts and ideas.
DEMOGRAPHIC
ADDRESS
121 WASHINGTON AVE N
55401
COUNTY
hennepin county, MN
ORGANIZATIONAL OVERVIEW & RANKINGS
INSTITUTE OF NEW THOUGHTS is a based in MINNEAPOLIS, MN, focused on Youth Development causes , specifically Youth Development Programs, Other. Established in March 2021, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $1,385.00, this ranks 756,624 among 2,656,690 nonprofits nationally (Top 29%), demonstrating moderate financial capacity relative to its peers. At the state level, it stands at 16,322 out of 53,624 organizations in MN (Top 31%).
In hennepin county, MN, the organization ranks 4,799 out of 13,125 nonprofits by assets (Top 37%), while locally in minneapolis, it stands at 2,548 among 6,505 organizations (Top 40%).
The organization reported annual revenue of $28,900.00, ranking 543,418 nationally (Top 21%) and 12,905 in MN (Top 25%).
Within its specific NTEE classification (O50 - O: Youth Development), which includes 37,455 similar organizations, INSTITUTE OF NEW THOUGHTS ranks 7,027 in assets (Top 19%) and 5,877 in revenue (Top 16%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2024 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
O: Youth Development
NTEE CODE
O50: Youth Development Programs, Other
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Wednesday, May 15, 2024;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
12/2020
ACCOUNTING PERIOD
12
INCOME CODE
3: $25,000 to $99,999
INCOME AMOUNT
$28,900.00
FORM 990 REVENUE AMOUNT
$28,900.00
RULING DATE
03/2021
ASSET CODE
1: $1 to $9,999
ASSET AMOUNT
$1,385.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
Recently Saved Organizations
Click on the save icon from a search results or organization page.
