Ascend Charter Schools

Analysis

Ascend Charter Schools is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ascend Charter Schools reported income of $147.5m and spending of $145.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $103.7m to $147.5m (+42%), an average of +9.2% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ascend Charter Schools sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Cooper Union for the Advancement of Science and Art ($147.3m), NC State Investment Fund Inc ($147.8m) and Iowa State University Foundation ($147.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Other salaries and wages came to $60.9m. At year end it held assets of $424.8m against liabilities of $410.9m, net assets of $13.9m. It reported 596 employees.