Mentoring Plus

Analysis

Mentoring Plus is a registered charity in United States, based in Newport, KY. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Mentoring Plus reported income of $243k and spending of $284k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $238k to $243k (+2.4%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mentoring Plus sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within KY. Charities of a similar size with the same main cause include Rural Music Ministries ($243k), Love Inc of North Marion County ($243k) and Valley Revival Ministries ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. Compensation of current officers, directors and key employees was $68k (24% of expenses). Other salaries and wages came to $113k. At year end it held assets of $109k against liabilities of $31k, net assets of $78k. It reported 7 employees.