Mega Mentors

Analysis

Mega Mentors is a registered charity in United States, based in Midlothian, VA. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Mega Mentors reported income of $96k and spending of $167k, spending 175% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $163k to $96k (-41%), an average of -41% a year. The sharpest change came in the year to June 2024, when income dropped by 41%. Over the whole period it spent 134% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Mega Mentors sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within VA. Charities of a similar size with the same main cause include Camp Abilities Saratoga Inc ($96k), Legion Ball Park Inc ($96k) and Boys and Girls Club of Pike and Surrounding Counties ($95k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 120% of the total. At year end it held assets of $28k against liabilities of $1,609, net assets of $27k.