Ascension Classical School

Analysis

Ascension Classical School is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. 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, Ascension Classical School reported income of $1.4m and spending of $1.6m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.9m to $1.4m (-50%), an average of -16% a year. The sharpest change came in the year to June 2022, when income rose by 207%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ascension Classical School sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within LA. Charities of a similar size with the same main cause include Cypress Place Inc ($1.4m), Habitat for Humanity International Inc ($1.4m) and Temple Academy ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $113k (7.2% of expenses). Other salaries and wages came to $611k. At year end it held assets of $6.1m against liabilities of $2.2m, net assets of $3.9m. It reported 22 employees.