Mpact Mentoring Inc

Analysis

Mpact Mentoring Inc is a registered charity in United States, based in Manchester, CT. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Mpact Mentoring Inc reported income of $91k and spending of $56k, leaving 39% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $226k to $91k (-60%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 55%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mpact Mentoring Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within CT. Charities of a similar size with the same main cause include John Wesley-James Jones Memorial Foundation ($91k), Lebanon R-Iii All Sports Booster Club ($91k) and Mindfulness Through Movement Inc ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.