Ace Mentor Program of America Inc

Analysis

Ace Mentor Program of America Inc is a registered charity in United States, based in Tampa, FL. 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 June 2024, Ace Mentor Program of America Inc reported income of $116k and spending of $75k, leaving 36% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $67k to $116k (+72%), an average of +72% a year. The sharpest change came in the year to June 2024, when income rose by 72%. Over the whole period it spent 70% 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 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within FL. Charities of a similar size with the same main cause include Kposowa Foundation Inc ($116k), Sonora Raiders Football Boosters ($116k) and West Orange High School Music Boosters ($116k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 82% of the total. At year end it held assets of $194k against liabilities of $0, net assets of $194k.