Ace Mentor Los Angeles Metropolitan Area Inc

Analysis

Ace Mentor Los Angeles Metropolitan Area Inc is a registered charity in United States, based in Redondo Beach, CA. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ace Mentor Los Angeles Metropolitan Area Inc reported income of $798k and spending of $890k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $720k to $798k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2022, when income rose by 131%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ace Mentor Los Angeles Metropolitan Area Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Wheaton Academy Foundation ($798k), My Place to Be ($798k) and Vertical Skills Academy ($798k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $981k against liabilities of $0, net assets of $981k.