Mentor Inc

Analysis

Mentor Inc is a registered charity in United States, based in Woonsocket, RI. It received its IRS tax-exemption ruling in February 1981, 45 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 June 2023, Mentor Inc reported income of $1.5m and spending of $1.3m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.5m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mentor Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within RI. Charities of a similar size with the same main cause include African Career Education & Resources ($1.5m), Seacoast Christian School ($1.5m) and Citizens of the World Charter Schools - Cincinnati ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $69k (5.2% of expenses). Other salaries and wages came to $789k. At year end it held assets of $862k against liabilities of $43k, net assets of $818k. It reported 32 employees.