Ascension Episcopal School

Analysis

Ascension Episcopal School is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 2018, 8 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Ascension Episcopal School reported income of $1.8m and spending of $1.8m, spending 97% of its income. Across the 5 years on record, from June 2018 to June 2022, income fell from $1.9m to $1.8m (-4.9%), an average of -1.3% a year. The sharpest change came in the year to June 2022, when income rose by 83%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ascension Episcopal School sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Fort Worth Report ($1.8m), Hakone Foundation ($1.8m) and We Care Program ($1.8m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $70k (3.9% of expenses). Other salaries and wages came to $924k. At year end it held assets of $578k against liabilities of $169k, net assets of $409k. It reported 66 employees.