Ascension Borgess Lee Foundation

Analysis

Ascension Borgess Lee Foundation is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in June 1989, 37 years ago. 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 June 2023, Ascension Borgess Lee Foundation reported income of $138k and spending of $27k, leaving 81% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $83k to $138k (+67%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 43% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ascension Borgess Lee Foundation sits at the 44th 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 IN. Charities of a similar size with the same main cause include B Local PDX ($138k), Poway High School Band Boosters ($138k) and Little League Baseball Inc ($138k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 110% of the total. At year end it held assets of $877k against liabilities of $32k, net assets of $844k.