Ascend Performing Arts Inc

Analysis

Ascend Performing Arts Inc is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in February 1960, 66 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 September 2023, Ascend Performing Arts Inc reported income of $2.4m and spending of $3.1m, spending 127% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.1m to $2.4m (+19%), an average of +4.4% a year. The sharpest change came in the year to September 2021, when income rose by 127%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ascend Performing Arts Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CO. Charities of a similar size with the same main cause include Maritime and Seafood Industry Museum of Biloxi Inc ($2.4m), Orchestra of the Americas Group Inc ($2.4m) and Dogwood Arts Festival Inc ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 25% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $75k (2.4% of expenses). Other salaries and wages came to $236k. At year end it held assets of $778k against liabilities of $450k, net assets of $328k. It reported 7 employees.