Friends and Mentors Inc

Analysis

Friends and Mentors Inc is a registered charity in United States, based in Brockton, MA. It received its IRS tax-exemption ruling in April 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends and Mentors Inc reported income of $314k and spending of $328k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $389k to $314k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 87% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Friends and Mentors 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 63rd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include American Hungarian Friends of Scouting ($314k), Families and Communities Together Inc ($314k) and Fore LA Kids Inc ($313k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $29k (8.9% of expenses). Other salaries and wages came to $38k. At year end it held assets of $117k against liabilities of $15k, net assets of $102k. It reported 3 employees.