Ascend Learning Inc

Analysis

Ascend Learning Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ascend Learning Inc reported income of $29.0m and spending of $24.0m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.7m to $29.0m (+84%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 45%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ascend Learning Inc 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 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Chavez Huerta K-12 Preparatory Academy ($29.0m), Bergen Arts and Science Charter School ($29.0m) and Cary Academy ($29.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $2.2m (9.1% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $17.4m against liabilities of $3.0m, net assets of $14.4m. It reported 129 employees.