Ascent Recovery Residences Inc

Analysis

Ascent Recovery Residences Inc is a registered charity in United States, based in Joplin, MO. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 December 2023, Ascent Recovery Residences Inc reported income of $428k and spending of $317k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $172k to $428k (+149%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 205%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ascent Recovery Residences Inc sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within MO. Charities of a similar size with the same main cause include Warrior Now Inc ($428k), Kansas City Medical Society Foundation ($428k) and Hastings Seniors Housing ($428k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 9.0% of the total. Other salaries and wages came to $142k. At year end it held assets of $471k against liabilities of $3,896, net assets of $467k. It reported 10 employees.