Ascencia

Analysis

Ascencia is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ascencia reported income of $5.5m and spending of $5.8m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $5.5m (+63%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 68%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ascencia sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Saca Development Corporation ($5.5m), Emilys Place Inc ($5.5m) and Christopher Community Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $144k (2.5% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $6.3m against liabilities of $2.0m, net assets of $4.3m. It reported 86 employees.