Clarence E Phillips Ascend Organization Inc

Analysis

Clarence E Phillips Ascend Organization Inc is a registered charity in United States, based in Bloomfld HLS, MI. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Clarence E Phillips Ascend Organization Inc reported income of $2.4m and spending of $2.3m, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $275k to $2.4m (+768%), an average of +106% a year. The sharpest change came in the year to December 2020, when income rose by 233%. Over the whole period it spent 82% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Clarence E Phillips Ascend Organization Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Morning Star Boys Ranch ($2.4m), South Florida Sports Foundation Inc ($2.4m) and Northeast Youth Center ($2.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $89k. At year end it held assets of $237k against liabilities of $0, net assets of $237k. It reported 2 employees.