Ace Mentor Program of America Inc

Analysis

Ace Mentor Program of America Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 2005, 21 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 $3.9m and spending of $3.5m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.9m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 83% 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 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Hayground School Inc ($3.9m), Southern Maryland Christian Academy Inc ($3.9m) and Northeastern State University Foundation Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $827k (23% of expenses). Other salaries and wages came to $468k. At year end it held assets of $9.7m against liabilities of $1.5m, net assets of $8.2m. It reported 14 employees.