Ace Mentor Program of America Inc

Analysis

Ace Mentor Program of America Inc is a registered charity in United States, based in Akron, OH. 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 May 2024, Ace Mentor Program of America Inc reported income of $79k and spending of $77k, spending 97% of its income. Across the 3 years on record, from December 2022 to May 2024, income fell from $87k to $79k (-8.7%), an average of -4.4% a year. The sharpest change came in the year to May 2024, when income rose by 93%. Over the whole period it spent 79% 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 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within OH. Charities of a similar size with the same main cause include Sunnyside School Parents Club ($79k), Independent School of Thought ($79k) and Childrens Ark Preschool Inc ($79k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 76% of the total. At year end it held assets of $90k against liabilities of $124, net assets of $90k.