Ascending to Health Respite Care Inc

Analysis

Ascending to Health Respite Care Inc is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ascending to Health Respite Care Inc reported income of $1.0m and spending of $827k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $754k to $1.0m (+36%), an average of +8.1% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ascending to Health Respite Care Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within CO. Charities of a similar size with the same main cause include Crystal Lake Preservation Corporation ($1.0m), LCH Benefit TR ($1.0m) and Temporary Shelter Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $142k (17% of expenses). Other salaries and wages came to $370k. At year end it held assets of $374k against liabilities of $13k, net assets of $361k. It reported 20 employees.