Mackida Loveal & Trip Mentoring Outreach Center

Analysis

Mackida Loveal & Trip Mentoring Outreach Center is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mackida Loveal & Trip Mentoring Outreach Center reported income of $1.3m and spending of $1.1m, spending 82% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $331k to $1.3m (+298%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 101%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mackida Loveal & Trip Mentoring Outreach Center sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within IN. Charities of a similar size with the same main cause include Montessori School of Oakton Inc ($1.3m), Friends of Girls Preparatory Charter School of New York Inc ($1.3m) and Albert Einstein Academy Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $392k (36% of expenses). At year end it held assets of $1.3m against liabilities of $1.1m, net assets of $234k.