Ascension Depaul Services Fund

Analysis

Ascension Depaul Services Fund is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3).

In the financial year ending June 2023, Ascension Depaul Services Fund reported income of $16.5m and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $75k to $16.5m (+21847%), an average of +285% a year. The sharpest change came in the year to June 2021, when income dropped by 100%. Over the whole period it spent 33% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ascension Depaul Services Fund sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within LA. Charities of a similar size with the same main cause include Lewis Memorial Christian Village ($16.5m), Bebashi - Transition to Hope ($16.5m) and The Harley School ($16.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. At year end it held assets of $16.5m against liabilities of $0, net assets of $16.5m.