Saras Mentoring Center Inc

Analysis

Saras Mentoring Center Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover employment, which this site groups under community and economic 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, Saras Mentoring Center Inc reported income of $987k and spending of $927k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $804k to $987k (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Saras Mentoring Center Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Professional Asian Pilots Association ($986k), Southwest Ohio Region Workforce Investment Board ($987k) and Yakima Rotary Charities ($986k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $280k (30% of expenses). Other salaries and wages came to $409k. At year end it held assets of $451k against liabilities of $182k, net assets of $268k. It reported 14 employees.