The Ascent Project Inc

Analysis

The Ascent Project Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, The Ascent Project Inc reported income of $1.1m and spending of $1.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $298k to $1.1m (+264%), an average of +38% a year. The sharpest change came in the year to December 2020, when income rose by 65%. Over the whole period it spent 98% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, The Ascent Project Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Sonora Environmental Research Institute Inc ($1.1m), Operator Training Committee of Ohio Inc ($1.1m) and Maine Conservation Alliance ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $166k (16% of expenses). Other salaries and wages came to $298k. At year end it held assets of $230k against liabilities of $13k, net assets of $217k. It reported 34 employees.