Ascend Housing Allies Incorporated

Analysis

Ascend Housing Allies Incorporated is a registered charity in United States, based in S Burlington, VT. It received its IRS tax-exemption ruling in February 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ascend Housing Allies Incorporated reported income of $1.4m and spending of $86k, leaving 94% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $6,160 to $1.4m (+22697%), an average of +22697% a year. The sharpest change came in the year to December 2023, when income rose by 22697%. Over the whole period it spent 7.1% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ascend Housing Allies Incorporated sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within VT. Charities of a similar size with the same main cause include North Bay Human Development Corp ($1.4m), Covenant Living Services ($1.4m) and Daytons Bluff Neighborhood Housing Services Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.4% of the total. Other salaries and wages came to $67k. At year end it held assets of $1.4m against liabilities of $40k, net assets of $1.3m. It reported 1 employees.