Options for Ascension Inc

Analysis

Options for Ascension Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Options for Ascension Inc reported income of $69k and spending of $224k, spending 322% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $115k to $69k (-39%), an average of -15% a year. The sharpest change came in the year to June 2023, when income dropped by 52%. Over the whole period it spent 165% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Options for Ascension Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 27th percentile within LA. Charities of a similar size with the same main cause include Centennial Housing Inc ($69k), Twin Cities Aikido Center Inc ($69k) and Mirci Group Homes Inc ($69k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $41k. At year end it held assets of $783k against liabilities of $538k, net assets of $245k.

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.