Ascend College Prep

Analysis

Ascend College Prep is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ascend College Prep reported income of $759k and spending of $762k, spending 100% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $392k to $759k (+94%), an average of +94% a year. The sharpest change came in the year to June 2023, when income rose by 94%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ascend College Prep sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CO. Charities of a similar size with the same main cause include Holy Cross Christian Academy Inc ($759k), Monument View Montessori Charter School ($759k) and Discovery Center ($759k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $58k (7.6% of expenses). Other salaries and wages came to $31k. At year end it held assets of $574k against liabilities of $590k, net assets of -$16k. It reported 2 employees.