Sports Mentorship Academy

Analysis

Sports Mentorship Academy is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 December 2023, Sports Mentorship Academy reported income of $340k and spending of $207k, leaving 39% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $190k to $340k (+79%), an average of +79% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 76% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Sports Mentorship Academy sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include Youth Impact Program Inc ($340k), Next Generation Ministries ($340k) and Boys & Girls Club of the Virginia Peninsula Foundation Inc ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $55k (27% of expenses). At year end it held assets of $214k against liabilities of $1,605, net assets of $213k. It reported 1 employees.