Mentor Rhode Island - the Ri Mentoring Partnership Inc

Analysis

Mentor Rhode Island - the Ri Mentoring Partnership Inc is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in May 1989, 37 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Rhode Island - the Ri Mentoring Partnership Inc reported income of $2.1m and spending of $2.0m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $714k to $2.1m (+198%), an average of +31% a year. The sharpest change came in the year to June 2022, when income rose by 114%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mentor Rhode Island - the Ri Mentoring Partnership Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within RI. Charities of a similar size with the same main cause include Cooper Park Development Company ($2.1m), Institute for Career Advancement Needs Inc ($2.1m) and Texarkana Resources for the Disabled Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $104k (5.3% of expenses). Other salaries and wages came to $615k. At year end it held assets of $685k against liabilities of $18k, net assets of $668k. It reported 14 employees.