Evolve Mentoring

Analysis

Evolve Mentoring is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in November 2011, 15 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 2022, Evolve Mentoring reported income of $101k and spending of $133k, spending 132% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income fell from $203k to $101k (-50%), an average of -29% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Evolve Mentoring sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within NC. Charities of a similar size with the same main cause include Pennsylvania Association of Student Councils Inc ($101k), Thornebrooke Elementary Parent Teacher Organization Inc ($101k) and Hanson - St John Foundation Inc 519 Main St ($101k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $41k (31% of expenses). At year end it held assets of $18k against liabilities of $15k, net assets of $2,784.