Ascentria Care Alliance Inc

Analysis

Ascentria Care Alliance Inc is a registered charity in United States, based in Boston, 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 $16.4m and spending of $16.9m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.8m to $16.4m (+140%), an average of +24% a year. The sharpest change came in the year to June 2020, when income rose by 122%. Over the whole period it spent 97% 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 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include The Southington-Cheshire Community Ymcas Inc ($16.4m), Westminister-Canterbury Management Corporation ($16.4m) and David and Margaret Home Inc ($16.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Other salaries and wages came to $7.7m. At year end it held assets of $24.9m against liabilities of $17.3m, net assets of $7.7m. It reported 191 employees.