Ace Mentor Program of America Inc

Analysis

Ace Mentor Program of America Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2006, 20 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, Ace Mentor Program of America Inc reported income of $498k and spending of $602k, spending 121% of what it took in. Across the 6 years on record, from March 2019 to December 2023, income grew from $355k to $498k (+40%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 130%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ace Mentor Program of America Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Schenley Heights Community Devlopme NT Program ($498k), Christian Life School of Theology Global Inc ($498k) and Clean Energy Fund of Texas Inc ($498k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $66k (11% of expenses). Other salaries and wages came to $59k. It paid $45k in professional fundraising fees. At year end it held assets of $454k against liabilities of $89k, net assets of $365k. It reported 4 employees.