Ace Mentor Program of America Inc

Analysis

Ace Mentor Program of America Inc is a registered charity in United States, based in San Diego, CA. 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 2024, Ace Mentor Program of America Inc reported income of $230k and spending of $342k, spending 148% of what it took in. Across the 5 years on record, from June 2019 to June 2024, income grew from $209k to $230k (+9.9%), an average of +2.4% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 96% 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 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include African Strategic Leadership Prayer Network ($230k), Leavenworth Public Schools Education Foundation ($230k) and Springboard Child Care Inc ($230k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 105% of the total. At year end it held assets of $551k against liabilities of $560k, net assets of -$9,007.