Assumption Village

Analysis

Assumption Village is a registered charity in United States, based in Blue Ash, OH. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 December 2023, Assumption Village reported income of $190k and spending of $134k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $15.1m to $190k (-99%), an average of -66% a year. The sharpest change came in the year to December 2023, when income dropped by 98%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Assumption Village sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within OH. Charities of a similar size with the same main cause include We Heart Lives Inc ($190k), The Oscpa Educational Foundation ($190k) and Amc Housing Inc ($190k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 59% of the total. Other salaries and wages came to $4,607. At year end it held assets of $0 against liabilities of $74, net assets of -$74.