Ascentria Care Alliance Inc

Analysis

Ascentria Care Alliance Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in September 1983, 43 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 June 2023, Ascentria Care Alliance Inc reported income of $8.1m and spending of $11.0m, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $8.1m (+31%), an average of +7.1% a year. The sharpest change came in the year to June 2022, when income rose by 84%. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ascentria Care Alliance Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Outside-In School of Experiential Education Inc ($8.1m), Tulsa Boys Home ($8.1m) and Center for Women and Families Inc ($8.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $1.7m (15% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $8.6m against liabilities of $3.6m, net assets of $5.0m. It reported 95 employees.