Ascension Depaul Services Fund

Analysis

Ascension Depaul Services Fund is a registered charity in United States, based in New Orleans, LA. 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), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ascension Depaul Services Fund reported income of $10.2m and spending of $11.4m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.8m to $10.2m (+4.3%), an average of +1.1% a year. The sharpest change came in the year to June 2020, when income rose by 44%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ascension Depaul Services Fund sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within LA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($10.2m), The Caring Coalition of Central New York ($10.2m) and Hoosier Christian Village Inc ($10.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $260k (2.3% of expenses). Other salaries and wages came to $3.6m. It paid $52k in professional fundraising fees. At year end it held assets of $55.2m against liabilities of $29.9m, net assets of $25.2m. It reported 105 employees.