Ascension Borgess Foundation

Analysis

Ascension Borgess Foundation is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in June 1972, 54 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ascension Borgess Foundation reported income of $2.9m and spending of $3.6m, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $2.9m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2022, when income rose by 255%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ascension Borgess Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include Aadvantage Inc ($2.9m), Boy Scouts of America ($2.9m) and Good Samaritan Haven ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $28.4m against liabilities of $352k, net assets of $28.1m.