Stoked Mentoring Inc

Analysis

Stoked Mentoring Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2023, 3 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, Stoked Mentoring Inc reported income of $568k and spending of $675k, spending 119% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income fell from $1.0m to $568k (-45%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 495%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Stoked Mentoring Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Indiana Elite Boosters Inc ($568k), International Coronary Congress Inc ($568k) and Turkey Creek Preserve Charitable Foundation ($568k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $167k (25% of expenses). Other salaries and wages came to $221k. At year end it held assets of $195k against liabilities of $44k, net assets of $151k. It reported 24 employees.