Friends of Ascension Catholic Grade School

Analysis

Friends of Ascension Catholic Grade School is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Friends of Ascension Catholic Grade School reported income of $546k and spending of $408k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $546k (-68%), an average of -25% a year. The sharpest change came in the year to June 2022, when income rose by 98%. Over the whole period it spent 163% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Ascension Catholic Grade School sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include North American Vascular Biology Organization Inc ($545k), Hazen Booster Club ($546k) and Association of Colorado Independent Schools ($545k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $4.4m against liabilities of $55k, net assets of $4.4m.