Ready By 21 Mentoring
EIN: 464144129 · Deer Isle, ME · NTEE: O50
Is Ready By 21 Mentoring Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ready By 21 Mentoring
Ready By 21 Mentoring (EIN: 464144129) is a nonprofit organization based in Deer Isle, ME, classified under NTEE code O50. The organization reported total revenue of $71K and total assets of $55K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ready By 21 Mentoring's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ready By 21 Mentoring is a micro nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2014–2024). Revenue has grown at a compound annual rate of 9.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $65K |
| Total Expenses | $98K |
| Surplus / Deficit | $-33,062 |
| Total Assets | $52K |
| Total Liabilities | $1K |
| Net Assets | $50K |
| Operating Margin | -50.9% |
| Debt-to-Asset Ratio | 2.6% |
| Months of Reserves | 6.3 months |
Financial Health Grade: B
In 2024, Ready By 21 Mentoring reported a deficit of $33K with expenses exceeding revenue, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.6% (very low leverage).
Financial Trends
Over 12 years of filings (2014–2024), Ready By 21 Mentoring's revenue has grown at a compound annual growth rate (CAGR) of 9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -27.4% | +14.3% | -39.1% |
| 2023 | +30.2% | +13.7% | +4.6% |
| 2022 | -30.4% | -13.8% | -7.4% |
| 2021 | +9.6% | -6.4% | -3.9% |
| 2020 | -14.5% | -5.1% | +14.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ready By 21 Mentoring has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ready By 21 Mentoring with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.6%.
Frequently Asked Questions about Ready By 21 Mentoring
Is Ready By 21 Mentoring a legitimate charity?
Based on AI analysis of IRS 990 filings, Ready By 21 Mentoring (EIN: 464144129) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ready By 21 Mentoring spend its money?
Detailed spending breakdown data is not yet available for Ready By 21 Mentoring. Check back for updated IRS 990 analysis.
Are donations to Ready By 21 Mentoring tax-deductible?
Ready By 21 Mentoring is registered as a tax-exempt nonprofit (EIN: 464144129). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Ready By 21 Mentoring showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2014–2024), Ready By 21 Mentoring's revenue has grown by 140.4%, moving from $27K to $65K. Total assets increased by 98.4% over the same period, from $26K to $52K. Total functional expenses rose by 8913.1%, from $1K to $98K. In its most recent filing year (2024), Ready By 21 Mentoring reported a deficit of $33K, with expenses exceeding revenue. The organization holds $1K in liabilities against $52K in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $50K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $65K | $98K | $52K | $1K | — | — |
| 2023 | $90K | $86K | $85K | $1K | — | View 990 |
| 2022 | $69K | $75K | $81K | $1K | — | View 990 |
| 2021 | $99K | $88K | $87K | $1K | — | — |
| 2020 | $90K | $94K | $91K | $16K | — | View 990 |
| 2019 | $105K | $99K | $80K | $1K | — | View 990 |
| 2018 | $92K | $95K | $73K | $1K | — | View 990 |
| 2017 | $95K | $84K | $76K | $2K | — | — |
| 2016 | $17K | $15K | $65K | $1K | — | View 990 |
| 2016 | $88K | $64K | $63K | $1K | — | View 990 |
| 2015 | $75K | $63K | $40K | $1K | — | View 990 |
| 2014 | $27K | $1K | $26K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $65K, expenses of $98K, and assets of $52K (revenue -27.4% year-over-year).
- 2023: Revenue of $90K, expenses of $86K, and assets of $85K (revenue +30.2% year-over-year).
- 2022: Revenue of $69K, expenses of $75K, and assets of $81K (revenue -30.4% year-over-year).
- 2021: Revenue of $99K, expenses of $88K, and assets of $87K (revenue +9.6% year-over-year).
- 2020: Revenue of $90K, expenses of $94K, and assets of $91K (revenue -14.5% year-over-year).
- 2019: Revenue of $105K, expenses of $99K, and assets of $80K (revenue +14.6% year-over-year).
- 2018: Revenue of $92K, expenses of $95K, and assets of $73K (revenue -3.4% year-over-year).
- 2017: Revenue of $95K, expenses of $84K, and assets of $76K (revenue +472.3% year-over-year).
- 2016: Revenue of $17K, expenses of $15K, and assets of $65K (revenue -81.0% year-over-year).
- 2016: Revenue of $88K, expenses of $64K, and assets of $63K (revenue +16.2% year-over-year).
- 2015: Revenue of $75K, expenses of $63K, and assets of $40K (revenue +178.5% year-over-year).
- 2014: Revenue of $27K, expenses of $1K, and assets of $26K.
Data Sources and Methodology
This transparency report for Ready By 21 Mentoring is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.