Ascendance Pole and Aerial Arts

Analysis

Ascendance Pole and Aerial Arts is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Ascendance Pole and Aerial Arts reported income of $535k and spending of $439k, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $116k to $535k (+360%), an average of +46% a year. The sharpest change came in the year to June 2021, when income rose by 96%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ascendance Pole and Aerial Arts sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within WA. Charities of a similar size with the same main cause include Center for Performance Research Inc ($535k), 516 Arts ($535k) and Open Dance Project ($535k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $177k (40% of expenses). Other salaries and wages came to $71k. At year end it held assets of $288k against liabilities of $7,020, net assets of $280k. It reported 34 employees.