Village at Ascension Heights Inc

Analysis

Village at Ascension Heights Inc is a registered charity in United States, based in Westwood, MA. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Village at Ascension Heights Inc reported income of $524k and spending of $548k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $374k to $524k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Village at Ascension Heights Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Daisys Place a Shelter for Women and Children ($523k), Mt Auburn Housing Inc ($524k) and United for Life to His Glory ($523k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 75% of the total. Other salaries and wages came to $73k. At year end it held assets of $3.9m against liabilities of $5.9m, net assets of -$2.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.