True Mentors

Analysis

True Mentors is a registered charity in United States, based in Hoboken, NJ. It received its IRS tax-exemption ruling in January 2011, 15 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, True Mentors reported income of $83k and spending of $86k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $145k to $83k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 107% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, True Mentors sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 39th percentile within NJ. Charities of a similar size with the same main cause include Ledyard Youth League ($83k), Regents of the University of Minnesota ($83k) and Canyon High School Football Booster Club ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4,109 against liabilities of $0, net assets of $4,109.