Assumption Community Services Inc

Analysis

Assumption Community Services Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Assumption Community Services Inc reported income of $235k and spending of $269k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $475k to $235k (-51%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Assumption Community Services Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MN. Charities of a similar size with the same main cause include Stewart County Senior Citizens Inc ($235k), Cure Lgmd2i Foundation ($235k) and Keller Family Community Foundation ($235k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Other salaries and wages came to $143k. At year end it held assets of $57k against liabilities of $95k, net assets of -$38k.

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.