Ascent Health Inc

Analysis

Ascent Health Inc is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in October 2012, 14 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 (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 2022, Ascent Health Inc reported income of $9.4m and spending of $9.0m, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $9.4m to $9.4m (-0.6%), an average of -0.2% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ascent Health Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within LA. Charities of a similar size with the same main cause include Good Samaritan Health Center Inc ($9.3m), Mercy General Health Partners Amicare Homecare ($9.4m) and Masonic Home of Virginia ($9.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $176k (1.9% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $8.7m against liabilities of $214k, net assets of $8.5m. It reported 166 employees.