Ascension Academy

Analysis

Ascension Academy is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Academy reported income of $1.9m and spending of $2.5m, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $1.9m (+1.4%), an average of +0.3% a year. The sharpest change came in the year to June 2023, when income dropped by 41%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ascension Academy sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Fernandina Beach Christian Academy Inc ($1.9m), Childrens School of Oak Park ($1.9m) and Center for Furniture Craftsmanship ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.2% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $160k (6.5% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $9.2m against liabilities of $2.2m, net assets of $7.0m. It reported 60 employees.