Mentors of Minorities in Education Inc

Analysis

Mentors of Minorities in Education Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Mentors of Minorities in Education Inc reported income of $1.2m and spending of $1.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $468k to $1.2m (+162%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mentors of Minorities in Education Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 58th percentile within DC. Charities of a similar size with the same main cause include The Buena Vista Childrens Center Inc ($1.2m), Institute for Digital Enterprise Advancement ($1.2m) and Sexual Assault Victim Advocate Center ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $84k (7.5% of expenses). Other salaries and wages came to $629k. At year end it held assets of $676k against liabilities of $367k, net assets of $309k. It reported 80 employees.