Iron Sharpens Iron Mentoring Inc

Analysis

Iron Sharpens Iron Mentoring Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Iron Sharpens Iron Mentoring Inc reported income of $269k and spending of $241k, spending 90% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $63k to $269k (+329%), an average of +107% a year. The sharpest change came in the year to December 2023, when income rose by 296%. Over the whole period it spent 105% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Iron Sharpens Iron Mentoring Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within NV. Charities of a similar size with the same main cause include Families Mentoring Families ($268k), Bellwether International ($269k) and Druze Orphans and Charitable Organization Inc ($268k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $82k (34% of expenses). At year end it held assets of $50k against liabilities of $22k, net assets of $28k. It reported 1 employees.