Ascension Living Sherbrooke Village

Analysis

Ascension Living Sherbrooke Village is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Ascension Living Sherbrooke Village reported income of $12.5m and spending of $17.5m, spending 139% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $16.0m to $12.5m (-22%), an average of -5.9% a year. Over the whole period it spent 124% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ascension Living Sherbrooke Village sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within MO. Charities of a similar size with the same main cause include Hope Villages of America Inc ($12.5m), Moore Wright Group ($12.5m) and Mount Olivet Home ($12.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $160k (0.9% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $25.9m against liabilities of $2.6m, net assets of $23.3m. It reported 152 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.