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 $39.7m and spending of $37.5m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $32.3m to $39.7m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 94% 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 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Catholic Charities of Spokane ($39.7m), Jewish Community Center of Staten Island Inc ($39.8m) and The Chicago Lighthouse for People Who Are Blind or Visually Impaired ($39.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.1% and program service revenue 88% of the total. Other salaries and wages came to $16.6m. At year end it held assets of $25.8m against liabilities of $13.0m, net assets of $12.7m. It reported 663 employees.