Ace Monster Toys

Analysis

Ace Monster Toys is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ace Monster Toys reported income of $256k and spending of $428k, spending 167% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $222k to $256k (+15%), an average of +4.8% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 132% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ace Monster Toys sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Life After Uncivil Ruthless Acts Inc ($256k), Experience Now Inc ($256k) and Quincy Business & Technology Corporation ($256k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $70k (16% of expenses). Other salaries and wages came to $89k. It paid $780 in professional fundraising fees. At year end it held assets of $242k against liabilities of $452k, net assets of -$211k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.