Ascend Inc

Analysis

Ascend Inc is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in January 1980, 46 years ago. 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 December 2023, Ascend Inc reported income of $185k and spending of $231k, spending 125% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $221k to $185k (-17%), an average of -8.6% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ascend Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 47th percentile within DE. Charities of a similar size with the same main cause include The Arts Studio Dba Firehouse Art Center ($185k), Girard Alumni Association Inc ($185k) and Paralyzed Veterans of America ($185k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.