Ascension Manor Inc

Analysis

Ascension Manor Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1966, 60 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ascension Manor Inc reported income of $4.5m and spending of $3.9m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $4.5m (+9.7%), an average of +2.3% a year. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ascension Manor Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Salem Y Veterans Housing ($4.5m), Initiative for Affordable Housing Dekalb Inc ($4.5m) and Meeting the Needs of Our Community Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Other salaries and wages came to $362k. At year end it held assets of $18.4m against liabilities of $13.8m, net assets of $4.6m.