Ace Mentor Program of America Inc

Analysis

Ace Mentor Program of America Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 2006, 20 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, Ace Mentor Program of America Inc reported income of $65k and spending of $77k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $114k to $65k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ace Mentor Program of America Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include Institute for 21st Century International Relations Inc ($65k), Edwardsburg PTO ($65k) and Real I M P a C T Center Inc ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 109% of the total. At year end it held assets of $185k against liabilities of $0, net assets of $185k.