International Mentoring Foundation for the Advancement of Higher Ed

Analysis

International Mentoring Foundation for the Advancement of Higher Ed is a registered charity in United States, based in Needham, MA. 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, International Mentoring Foundation for the Advancement of Higher Ed reported income of $142k and spending of $185k, spending 130% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $109k to $142k (+30%), an average of +6.8% a year. The sharpest change came in the year to October 2022, when income rose by 77%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, International Mentoring Foundation for the Advancement of Higher Ed sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 51st percentile within MA. Charities of a similar size with the same main cause include Construction Association of South Florida Inc ($142k), Main Street Alexander City Inc ($142k) and Hawaii Restaurant Association Educational Foundation ($142k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 3.5% and program service revenue 96% of the total. At year end it held assets of $225k against liabilities of $96k, net assets of $128k.