Ascent Classical Academy Charter Schools Inc

Analysis

Ascent Classical Academy Charter Schools Inc is a registered charity in United States, based in Golden, CO. 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, Ascent Classical Academy Charter Schools Inc reported income of $18.8m and spending of $16.8m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.6m to $18.8m (+233%), an average of +49% a year. The sharpest change came in the year to June 2022, when income rose by 65%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ascent Classical Academy Charter Schools Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include York University ($18.8m), Leslie Shankman School Corporation ($18.8m) and Associated Students of California State University Chico ($18.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. At year end it held assets of $7.7m against liabilities of $2.7m, net assets of $5.0m.