Ascentria Care Alliance Inc

Analysis

Ascentria Care Alliance Inc is a registered charity in United States, based in Middletown, CT. It received its IRS tax-exemption ruling in September 1983, 43 years ago. 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 $763k and spending of $944k, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $706k to $763k (+8.1%), an average of +2.0% a year. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ascentria Care Alliance Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CT. Charities of a similar size with the same main cause include Wetzel County Committee on Aging Inc ($763k), Nigerian Islamic Association of USA ($763k) and Preston Center of Compassion Inc ($763k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $274k. At year end it held assets of $442k against liabilities of $63k, net assets of $378k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.