Mentoring in Medicine Inc

Analysis

Mentoring in Medicine Inc is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in November 2007, 19 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 December 2022, Mentoring in Medicine Inc reported income of $948k and spending of $928k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $987k to $948k (-3.9%), an average of -1.3% a year. The sharpest change came in the year to December 2021, when income rose by 144%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mentoring in Medicine Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Raleigh Charter High School Foundation Inc ($948k), Sylvester H Reed Memorial Trust ($948k) and Computers for Classrooms Inc ($948k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 39% and program service revenue 61% of the total. Other salaries and wages came to $78k. At year end it held assets of $907k against liabilities of $67k, net assets of $840k. It reported 1 employees.