Talbot Mentors Inc

Analysis

Talbot Mentors Inc is a registered charity in United States, based in Easton, MD. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2022, Talbot Mentors Inc reported income of $65k and spending of $260k, spending 401% of what it took in. Across the 4 years on record, from December 2019 to June 2022, income fell from $576k to $65k (-89%), an average of -52% a year. The sharpest change came in the year to June 2022, when income dropped by 93%. Over the whole period it spent 85% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Talbot Mentors Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within MD. Charities of a similar size with the same main cause include Lawrence County Youth Fair ($65k), Southwest Alliance for Youth Sports ($65k) and Lackawanna Trail Athletic Association Inc ($65k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 455% of the total. Compensation of current officers, directors and key employees was $61k (23% of expenses). Other salaries and wages came to $64k. It paid $16k in professional fundraising fees. At year end it held assets of $1.1m against liabilities of $165k, net assets of $941k. It reported 6 employees.