Ascend1

Analysis

Ascend1 is a registered charity in United States, based in Naperville, IL. It received its IRS tax-exemption ruling in February 2018, 8 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 December 2023, Ascend1 reported income of $281k and spending of $182k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $202k to $281k (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ascend1 sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IL. Charities of a similar size with the same main cause include LCM All Sports Booster 2021 ($281k), Wisconsin Mason Apprenticeship and Training Fund ($281k) and Veritas Christian School Inc ($281k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $451k against liabilities of $7,000, net assets of $444k.