National Cares Mentoring Movement Inc

Analysis

National Cares Mentoring Movement Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, National Cares Mentoring Movement Inc reported income of $3.5m and spending of $3.6m, spending 105% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.0m to $3.5m (+76%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 144%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, National Cares Mentoring Movement Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Arc of Bradford County Inc ($3.5m), Margaret Fuller-Neighborhood House Inc ($3.5m) and Hammond Strawberry Fields Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $806k (22% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $7.9m against liabilities of $1.2m, net assets of $6.7m. It reported 24 employees.