College Mentors for Kids Inc

Analysis

College Mentors for Kids Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 1997, 29 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 2023, College Mentors for Kids Inc reported income of $1.5m and spending of $1.5m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.5m (+0.0%), an average of +0.0% a year. The sharpest change came in the year to June 2020, when income rose by 165%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, College Mentors for Kids Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include Main Street Preparatory Academy Inc ($1.5m), Association of Schools of Allied Health Professions ($1.5m) and Los Angeles Senior Citizen Housing Corp ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $228k (15% of expenses). Other salaries and wages came to $460k. At year end it held assets of $3.8m against liabilities of $276k, net assets of $3.6m. It reported 18 employees.