Ascension Academy Inc

Analysis

Ascension Academy Inc is a registered charity in United States, based in Cumberland, WI. It received its IRS tax-exemption ruling in June 2022, 4 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 2024, Ascension Academy Inc reported income of $433k and spending of $464k, spending 107% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $385k to $433k (+13%), an average of +13% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ascension Academy Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within WI. Charities of a similar size with the same main cause include Acton Boxboro Youth Hockey Association Inc ($433k), Chesterton Academy of the Sacred Heart NFP Inc ($433k) and Kiwanis Foundation of Montana ($433k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% and program service revenue 31% of the total. Other salaries and wages came to $316k. At year end it held assets of $73k against liabilities of $3,279, net assets of $69k. It reported 11 employees.