Ascent Music

Analysis

Ascent Music is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in April 2022, 4 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 (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, Ascent Music reported income of $230k and spending of $218k, spending 95% of its income. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ascent Music sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within OH. Charities of a similar size with the same main cause include Montpelier Descendants Committee ($230k), Envelop ($230k) and Hawaii Journalism Initiative ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.