Ace Mentor Program of Greater Charlotte Metro-North Carolina

Analysis

Ace Mentor Program of Greater Charlotte Metro-North Carolina is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 2019, 7 years ago. 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 Greater Charlotte Metro-North Carolina reported income of $51k and spending of $56k, spending 108% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $56k to $51k (-7.7%), an average of -7.7% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ace Mentor Program of Greater Charlotte Metro-North Carolina sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within NC. Charities of a similar size with the same main cause include The Eleventh Circuit Historical Society Inc ($51k), Norwood Parents Music Association Inc ($51k) and PTA Texas Congress ($51k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $111k against liabilities of $0, net assets of $111k.