Ment or Ltd

Analysis

Ment or Ltd is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 March 2023, Ment or Ltd reported income of $1.4m and spending of $1.9m, spending 137% of what it took in. Across the 2 years on record, from March 2022 to March 2023, income grew from $1.0m to $1.4m (+36%), an average of +36% a year. The sharpest change came in the year to March 2023, when income rose by 36%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ment or Ltd sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Manifest Creative Research Gallery and Drawing Center ($1.4m), Houston Media Source Inc ($1.4m) and Portland Jazz Festival Incorporated ($1.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $177k (9.4% of expenses). Other salaries and wages came to $524k. At year end it held assets of $678k against liabilities of $489k, net assets of $189k. It reported 11 employees.