Ace Mentor Program of America Inc

Analysis

Ace Mentor Program of America Inc is a registered charity in United States, based in Watauga, TX. 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 $112k and spending of $166k, spending 148% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $157k to $112k (-29%), an average of -8.1% a year. The sharpest change came in the year to June 2022, when income dropped by 17%. Over the whole period it spent 95% 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 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within TX. Charities of a similar size with the same main cause include Priceless Journey Inc ($112k), Support Committee for Alabama National Cemetery Alnc ($112k) and STEM West Inc ($112k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 150% of the total. At year end it held assets of $417k against liabilities of $0, net assets of $417k.