The Denise D Ascenzo Foundation Inc

Analysis

The Denise D Ascenzo Foundation Inc is a registered charity in United States, based in Branford, CT. It received its IRS tax-exemption ruling in September 2020, 6 years ago. 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, The Denise D Ascenzo Foundation Inc reported income of $91k and spending of $85k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $169k to $91k (-46%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Denise D Ascenzo Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within CT. Charities of a similar size with the same main cause include Gonzale Crystal Theatre Inc ($91k), Fisher of Men Foundation ($91k) and Sturbridge Nursery School Inc ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 105% of the total. At year end it held assets of $118k against liabilities of $0, net assets of $118k.