Ready by 21 Mentoring

Analysis

Ready by 21 Mentoring is a registered charity in United States, based in Deer Isle, ME. It received its IRS tax-exemption ruling in July 2014, 12 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 August 2024, Ready by 21 Mentoring reported income of $65k and spending of $98k, spending 151% of what it took in. Across the 2 years on record, from August 2023 to August 2024, income fell from $90k to $65k (-27%), an average of -27% a year. The sharpest change came in the year to August 2024, when income dropped by 27%. Over the whole period it spent 119% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Ready by 21 Mentoring sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 19th percentile within ME. Charities of a similar size with the same main cause include Lifeplan Institute ($65k), Liberty Baseball Partners ($65k) and Camp Shohola Scholarship Fund ($65k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 96% and program service revenue 4.1% of the total. At year end it held assets of $52k against liabilities of $1,325, net assets of $50k.