Ascend Educational Fund

Analysis

Ascend Educational Fund is a registered charity in United States, based in Hawthorne, CA. It received its IRS tax-exemption ruling in November 2023, 3 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 2022, Ascend Educational Fund reported income of $84k and spending of $91k, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $89k to $84k (-5.8%), an average of -2.0% a year. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ascend Educational Fund sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Madison County Foundation for Excellence in Education Inc ($84k), Ambassadors of Lake Saint Louis ($84k) and Friends of the Library-Southport Oak Island ($84k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $116k against liabilities of $113k, net assets of $2,895.

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.