Ace Mentor Program of America Inc

Analysis

Ace Mentor Program of America Inc is a registered charity in United States, based in Wakefield, MA. It received its IRS tax-exemption ruling in June 2006, 20 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 December 2023, Ace Mentor Program of America Inc reported income of $627k and spending of $341k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $212k to $627k (+195%), an average of +31% a year. The sharpest change came in the year to December 2022, when income rose by 107%. Over the whole period it spent 59% 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 America Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Another Way Inc ($627k), Ahayah Academy Inc ($627k) and Fort Wayne Dance Collective Inc ($627k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.0% of the total. Compensation of current officers, directors and key employees was $114k (33% of expenses). At year end it held assets of $1.1m against liabilities of $7,552, net assets of $1.1m.