Shared Ascent Fund

Analysis

Shared Ascent Fund is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Shared Ascent Fund reported income of $8.4m and spending of $5.9m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $8.4m (+698%), an average of +68% a year. The sharpest change came in the year to December 2021, when income rose by 399%. Over the whole period it spent 78% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Shared Ascent Fund 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 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Joseph J Peters Institute ($8.4m), Federal Community Defender of Eastern District of Michigan ($8.4m) and Childrens Assessment Center Foundation ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $48k (0.8% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $7.5m against liabilities of $1.7m, net assets of $5.8m. It reported 55 employees.