Ace Mentor Program of America Inc

Analysis

Ace Mentor Program of America Inc is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in June 2006, 20 years ago. 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, Ace Mentor Program of America Inc reported income of $109k and spending of $104k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $63k to $109k (+71%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 107%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ace Mentor Program of America Inc sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Auxiliary of the Boys and Girls Clubs of the Greater Scottsdale ($109k), Glendale Rotary Club Foundation ($109k) and Rhema International Ministries Inc ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $124k against liabilities of $0, net assets of $124k.