Ace Mentor Program of America Inc

Analysis

Ace Mentor Program of America Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2006, 20 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, Ace Mentor Program of America Inc reported income of $271k and spending of $222k, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $211k to $271k (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2022, when income rose by 36%. 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, Ace Mentor Program of America Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within PA. Charities of a similar size with the same main cause include Jbe One ($271k), Waugh Invests in Student Excellence Education Foundation Inc ($271k) and South Carolina First Steps to School Readiness Board of Trustees ($271k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $62k (28% of expenses). At year end it held assets of $425k against liabilities of $206k, net assets of $219k. It reported 1 employees.