Is Ascension Economic Developmentfoundation Legit?
Quick charity verification for Ascension Economic Developmentfoundation (EIN: 204616260)
Verdict: Ascension Economic Developmentfoundation has notable concerns
30/100Mission Score
$0Revenue
$35KAssets
3Red Flags
2Strengths
Red Flags
Consistent $0 revenue for multiple years (2018-2023), indicating a lack of active fundraising or income-generating activities.
Gradual decline in assets over time, from $41,705 in 2018 to $37,628 in 2023, suggesting reliance on existing funds without replenishment.
Lack of detailed program spending, as all reported expenses appear to be administrative overhead given the minimal activity.
Strengths
Zero officer compensation reported across all available filings, indicating no executive salaries are paid.
Very low liabilities ($0 reported consistently), suggesting good financial management regarding debt.
Spending Breakdown
How Ascension Economic Developmentfoundation allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
100%
Admin Costs
High — over 25% on administration
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Ascension Economic Developmentfoundation
Is Ascension Economic Developmentfoundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ascension Economic Developmentfoundation (EIN: 204616260) has notable concerns. Mission Score: 30/100. 3 red flags identified, 2 strengths noted.
Is Ascension Economic Developmentfoundation a good charity to donate to?
Ascension Economic Developmentfoundation has a Mission Score of 30/100. Revenue: $0. Assets: $35K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ascension Economic Developmentfoundation?
The Employer Identification Number (EIN) for Ascension Economic Developmentfoundation is 204616260. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Ascension Economic Developmentfoundation spend its money?
Ascension Economic Developmentfoundation allocates 0% to programs, 100% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ascension Economic Developmentfoundation's tax-exempt status?
You can verify Ascension Economic Developmentfoundation's tax-exempt status using EIN 204616260 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Ascension Economic Developmentfoundation appears to be a very small organization with minimal financial activity. For the past six years (2018-2023), the organization has reported $0 in revenue, relying on its existing assets to cover modest expenses. Its assets have shown a gradual decline from $41,705 in 2018 to $37,628 in 2023, indicating a slow depletion without new funding. The expenses are consistently low, ranging from $610 to $2,450 annually in recent years, suggesting a very limited operational scope. Given the lack of revenue and the small scale of operations, assessing spending efficiency in traditional terms is challenging, as there's little activity to analyze. The organization consistently reports $0 in officer compensation, which is a positive sign for resource allocation, but also aligns with its minimal activity.