Ascension Living-Lakeshore at Siena Inc

Analysis

Ascension Living-Lakeshore at Siena Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ascension Living-Lakeshore at Siena Inc reported income of $8.2m and spending of $18.5m, spending 225% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.0m to $8.2m (+3.2%), an average of +0.8% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 144% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ascension Living-Lakeshore at Siena Inc 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 94th percentile, and in the 93rd percentile within MO. Charities of a similar size with the same main cause include Reagan-Udall Foundation for the Food and Drug Administration ($8.2m), Lifespan Resources Inc ($8.2m) and Manufacturing Institute ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $2.5m. At year end it held assets of $4.7m against liabilities of $1.4m, net assets of $3.3m. It reported 130 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.