Ascension Living Our Lady of Peace

Analysis

Ascension Living Our Lady of Peace is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ascension Living Our Lady of Peace reported income of $16.1m and spending of $20.2m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $23.9m to $16.1m (-32%), an average of -9.3% a year. The sharpest change came in the year to December 2021, when income dropped by 28%. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ascension Living Our Lady of Peace sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within MO. Charities of a similar size with the same main cause include Aspen Country Day School Inc ($16.1m), Navigator Academy of Leadership Inc ($16.2m) and Pillsbury United Communities ($16.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $73k (0.4% of expenses). Other salaries and wages came to $8.3m. At year end it held assets of $16.8m against liabilities of $19.5m, net assets of -$2.8m. It reported 259 employees.

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.