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. 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 $1.3m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $914k to $1.1m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 116% 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 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Nerve Inc-Hpd ($1.1m), St John Retirement Village ($1.1m) and Business Training Institute Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $573k. At year end it held assets of $1.0m against liabilities of $1.5m, net assets of -$469k. It reported 42 employees.