Mentor for Philly

Analysis

Mentor for Philly is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Mentor for Philly reported income of $467k and spending of $450k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $267k to $467k (+75%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mentor for Philly sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include American Association of Bovine Practitioners Foundation Inc ($467k), Senior Citizens Activities Network Inc ($467k) and Tompkins Learning Partners Incorporated ($466k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $62k (14% of expenses). Other salaries and wages came to $204k. At year end it held assets of $127k against liabilities of $0, net assets of $127k. It reported 6 employees.