Ascendium Education Solutions Inc

Analysis

Ascendium Education Solutions Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in February 1997, 29 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 December 2023, Ascendium Education Solutions Inc reported income of $298.2m and spending of $119.5m, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $511.3m to $298.2m (-42%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ascendium Education Solutions Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WI. Charities of a similar size with the same main cause include Carleton College ($296.5m), Arizona State University Foundation for a New American University ($299.3m) and Texas A&m Foundation ($293.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.8m (1.5% of expenses). Other salaries and wages came to $10.2m. At year end it held assets of $351.5m against liabilities of $28.9m, net assets of $322.6m. It reported 162 employees.