Ascendium Education Group Inc

Analysis

Ascendium Education Group Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in November 1967, 59 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Ascendium Education Group Inc reported income of $78.4m and spending of $12.5m, leaving 84% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $29.9m to $78.4m (+163%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 210%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ascendium Education Group Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WI. Charities of a similar size with the same main cause include William Penn Charter School Inc ($78.4m), New England Institute of Technology ($78.6m) and Kipp Foundation ($78.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $4.4m (35% of expenses). Other salaries and wages came to $9.1m. At year end it held assets of $3.02bn against liabilities of $5.8m, net assets of $3.02bn. It reported 117 employees.