Out of the Ashes Inc

Analysis

Out of the Ashes Inc is a registered charity in United States, based in Lebanon, MO. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Out of the Ashes Inc reported income of $826k and spending of $469k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $338k to $826k (+145%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 192%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Out of the Ashes Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within MO. Charities of a similar size with the same main cause include Celani Family Foundation Inc ($825k), Derech Etz Chaim Institutions ($826k) and Gentiva Foundation Inc ($825k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $18k. At year end it held assets of $522k against liabilities of $0, net assets of $522k. It reported 3 employees.