Ascent Network

Analysis

Ascent Network is a registered charity in United States, based in Laguna Hills, CA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Ascent Network reported income of $199k and spending of $197k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $176k to $199k (+13%), an average of +13% a year. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ascent Network sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Nisei Veterans Committee ($199k), Encourage One Another ($199k) and SSG Matthew a Pucino Memorial Foundation ($199k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. At year end it held assets of $89k against liabilities of $714k, net assets of -$625k.