Trusted Mentors Inc

Analysis

Trusted Mentors Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2023, Trusted Mentors Inc reported income of $361k and spending of $353k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $174k to $361k (+108%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 88% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Trusted Mentors Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IN. Charities of a similar size with the same main cause include Youth Speak Out International ($361k), Garage a Teen Cafe ($361k) and Strong Young Minds Youth Development Inc ($360k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $77k (22% of expenses). At year end it held assets of $288k against liabilities of $4,445, net assets of $283k. It reported 6 employees.