Ascte Foundation

Analysis

Ascte Foundation is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in June 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 September 2023, Ascte Foundation reported income of $10.8m and spending of $2.3m, leaving 78% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.1m to $10.8m (+250%), an average of +37% a year. The sharpest change came in the year to September 2021, when income rose by 407%. Over the whole period it spent 15% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ascte Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within AL. Charities of a similar size with the same main cause include Global Service Network Inc ($10.8m), Hyde School ($10.8m) and Achieve Community Charter School ($10.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Other salaries and wages came to $58k. At year end it held assets of $58.0m against liabilities of $31.6m, net assets of $26.3m. It reported 1 employees.