Is Ascencia Legit?

Ascencia demonstrates generally sound financial health, with consistent revenue growth over the past decade, increasing from $1.8 million in 2015 to over $5.5 million in 2023. While the organization experienced a deficit in the 2023 fiscal year, with expenses exceeding revenue by approximately $320,000, this follows several years of surpluses, notably in 2021 and 2022. The organization's assets have also shown steady growth, reaching over $6.3 million in 2023, indicating a solid financial foundation. Their liabilities have fluctuated but remain manageable relative to assets. Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings, suggesting that executive salaries are not a significant drain on resources. This allows a greater proportion of funds to be directed towards program services. The organization's NTEE code (L40 - Homeless Services) aligns well with its mission, and the financial data supports a focus on delivering these services. Transparency is excellent, as evidenced by the readily available and consistent filing of IRS Form 990s over a long period, with no reported officer compensation. This level of detail and the absence of executive compensation indicate a commitment to directing resources to its mission and being open about its financial practices.