Ascent 121 Inc

Analysis

Ascent 121 Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Ascent 121 Inc reported income of $1.3m and spending of $1.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $829k to $1.3m (+53%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ascent 121 Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IN. Charities of a similar size with the same main cause include Shes the First Inc ($1.3m), Good Samaritan Center of Loudon County ($1.3m) and Lehigh Valley Consumer-Family Satisfaction Team Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $206k (16% of expenses). Other salaries and wages came to $526k. At year end it held assets of $2.0m against liabilities of $689k, net assets of $1.3m. It reported 13 employees.