Ascension Living Providence Village

Analysis

Ascension Living Providence Village is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ascension Living Providence Village reported income of $21.1m and spending of $34.1m, spending 162% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $25.0m to $21.1m (-16%), an average of -4.1% a year. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ascension Living Providence Village sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MO. Charities of a similar size with the same main cause include Feeding Florida Inc ($21.1m), Outside in ($21.1m) and Tompkins Consolidated Area Transit Inc ($21.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 96% of the total. Other salaries and wages came to $7.8m. At year end it held assets of $11.4m against liabilities of $5.5m, net assets of $5.9m. It reported 248 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.