Ascension Lutheran Church Foundation

Analysis

Ascension Lutheran Church Foundation is a registered charity in United States, based in Littleton, CO. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Lutheran Church Foundation reported income of $142k and spending of $43k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $77k to $142k (+85%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 377%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ascension Lutheran Church Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 42nd percentile within CO. Charities of a similar size with the same main cause include Capital City Pride ($142k), Gfyc Foundation Inc ($142k) and Arroyo Arts Collective ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $943k against liabilities of $3,946, net assets of $939k.