Ascension Housing Inc

Analysis

Ascension Housing Inc is a registered charity in United States, based in Melbourne, FL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending March 2023, Ascension Housing Inc reported income of $606k and spending of $695k, spending 115% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $597k to $606k (+1.5%), an average of +0.5% a year. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ascension Housing Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Food Security for America Incorporated ($606k), Habitat for Humanity International Inc ($606k) and CCBC Foundation ($606k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. Other salaries and wages came to $156k. At year end it held assets of $2.0m against liabilities of $132k, net assets of $1.9m. It reported 4 employees.

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.