Ascension One Collective Inc

Analysis

Ascension One Collective Inc is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Ascension One Collective Inc reported income of $598k and spending of $1.5m, spending 259% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $526k to $598k (+14%), an average of +4.3% a year. The sharpest change came in the year to December 2021, when income rose by 456%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ascension One Collective Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Music Ministries Inc ($598k), John 17 Movement Inc ($598k) and Rainbow Lodge Retreat Center ($598k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $330k (21% of expenses). It paid $3,000 in professional fundraising fees. At year end it held assets of $793k against liabilities of $97k, net assets of $696k. It reported 2 employees.