Ascension Ministry and Mission Fund

Analysis

Ascension Ministry and Mission Fund is a registered charity in United States, based in Saint Louis, MO. 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), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ascension Ministry and Mission Fund reported income of $140k and spending of $6,565, leaving 95% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $185k to $140k (-24%), an average of -6.7% a year. The sharpest change came in the year to June 2020, when income rose by 506%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ascension Ministry and Mission Fund sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within MO. Charities of a similar size with the same main cause include Child Evangelism Fellowship of Susquehanna County Inc ($140k), Silver Spring Stage Incorporated ($140k) and Habitat for Humanity International Inc ($140k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% of the total. At year end it held assets of $3.0m against liabilities of $2,320, net assets of $3.0m.