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 $1.1m and spending of $1.5m, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.1m (+1.7%), an average of +0.4% a year. Over the whole period it spent 127% 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 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within CT. Charities of a similar size with the same main cause include St Theodores Apartments Housing Development Fund Co Inc ($1.1m), Hillel the Foundation for Jewish ($1.1m) and Mt Hood Community College District Foundation Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $197k. At year end it held assets of $5.2m against liabilities of $7.6m, net assets of -$2.4m.

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.