Ascend Leadership Academy Inc

Analysis

Ascend Leadership Academy Inc is a registered charity in United States, based in Sanford, NC. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Ascend Leadership Academy Inc reported income of $6.3m and spending of $6.9m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $6.3m (+393%), an average of +49% a year. The sharpest change came in the year to June 2020, when income rose by 103%. 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, Ascend Leadership Academy Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Archway Classical Academy - Glendale ($6.3m), John W Rex Charter Elementary School Inc ($6.3m) and Gladstone Foundation ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $18.3m against liabilities of $19.3m, net assets of -$1.0m. It reported 85 employees.