Mentorkids Kentucky Inc

Analysis

Mentorkids Kentucky Inc is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in October 2024, 2 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 December 2023, Mentorkids Kentucky Inc reported income of $245k and spending of $224k, spending 91% of its income. Across the 5 years on record, from June 2020 to December 2023, income grew from $155k to $245k (+57%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Mentorkids Kentucky Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within KY. Charities of a similar size with the same main cause include Stinson Beach Community Center ($245k), Youth Celebrate Diversity ($245k) and Camp Imagine ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Other salaries and wages came to $142k. At year end it held assets of $679k against liabilities of $246k, net assets of $433k. It reported 7 employees.