Ascension Childcare

Analysis

Ascension Childcare is a registered charity in United States, based in Shelburne, VT. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Ascension Childcare reported income of $1.1m and spending of $1.1m, spending 104% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.0m to $1.1m (+6.8%), an average of +1.3% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ascension Childcare sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within VT. Charities of a similar size with the same main cause include Ocean Beach Child Care Project ($1.1m), Another Chance House ($1.1m) and Feeding It Forward Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $77k (6.7% of expenses). Other salaries and wages came to $745k. At year end it held assets of $313k against liabilities of $888, net assets of $312k. It reported 30 employees.