The Ascension Fund Inc

Analysis

The Ascension Fund Inc is a registered charity in United States, based in Prairieville, LA. It received its IRS tax-exemption ruling in January 2015, 11 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, The Ascension Fund Inc reported income of $106k and spending of $125k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $91k to $106k (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 116% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Ascension Fund Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within LA. Charities of a similar size with the same main cause include Silver Sobriety Inc ($106k), Pound the Pavement 501 Inc ($106k) and Orange County Makapo Aquaticsproject ($106k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% of the total. Compensation of current officers, directors and key employees was $42k (33% of expenses). At year end it held assets of $1.9m against liabilities of $1,672, net assets of $1.9m. It reported 1 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.