Ace Mentor Program of the Greater Washington Metropolitan Area Inc

Analysis

Ace Mentor Program of the Greater Washington Metropolitan Area Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in April 2003, 23 years ago. 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 2023, Ace Mentor Program of the Greater Washington Metropolitan Area Inc reported income of $102k and spending of $98k, spending 96% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $116k to $102k (-12%), an average of -4.2% a year. The sharpest change came in the year to June 2020, when income dropped by 42%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ace Mentor Program of the Greater Washington Metropolitan Area Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within MD. Charities of a similar size with the same main cause include PTA Texas Congress ($102k), Union City Public Library ($102k) and North High School Athletic Booster Club ($102k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 120% of the total. At year end it held assets of $251k against liabilities of $8,605, net assets of $243k.