Ace Mentor Program of America Inc

Analysis

Ace Mentor Program of America Inc is a registered charity in United States, based in Seattle, WA. 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 $257k and spending of $174k, leaving 32% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $225k to $257k (+14%), an average of +7.0% a year. The sharpest change came in the year to June 2023, when income rose by 76%. Over the whole period it spent 65% 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 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within WA. Charities of a similar size with the same main cause include Association of St Augustine Alumni - Atlanta Inc ($257k), Bynum School Endowment Fund Management ($257k) and The Link School LLC ($257k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $38k (22% of expenses). At year end it held assets of $620k against liabilities of $0, net assets of $620k.