Ascanios Purse

Analysis

Ascanios Purse is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 October 2023, Ascanios Purse reported income of $155k and spending of $131k, spending 85% of its income. Across the 4 years on record, from October 2019 to October 2023, income fell from $1.1m to $155k (-86%), an average of -48% a year. The sharpest change came in the year to October 2023, when income dropped by 77%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ascanios Purse sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 44th percentile within CO. Charities of a similar size with the same main cause include Bemidji Community Theater ($155k), Quilters Hall of Fame Inc ($155k) and Seattle Weavers Guild ($155k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $15k (11% of expenses). At year end it held assets of $123k against liabilities of $0, net assets of $123k.