Ace Mentor Program of America Inc

Analysis

Ace Mentor Program of America Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in June 2006, 20 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 2023, Ace Mentor Program of America Inc reported income of $253k and spending of $248k, spending 98% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $170k to $253k (+49%), an average of +8.3% a year. The sharpest change came in the year to December 2022, when income rose by 123%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ace Mentor Program of America Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within OH. Charities of a similar size with the same main cause include New Orleans School of Glass Works Inc ($253k), Center for Higher Educational Achievement ($253k) and West Contra Costa Retired Educators Scholarship Fund ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $553k against liabilities of $0, net assets of $553k.