Ascending To Health Respite Care Inc
EIN: 274584911 · Colorado Spgs, CO · NTEE: L40
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $827K |
| Net Assets | $361K |
Is Ascending To Health Respite Care Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ascending To Health Respite Care Inc
Ascending To Health Respite Care Inc (EIN: 274584911) is a nonprofit organization based in Colorado Spgs, CO, classified under NTEE code L40. The organization reported total revenue of $1.0M and total assets of $374K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ascending To Health Respite Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ascending To Health Respite Care Inc is a mid-size nonprofit that has been operating for 14 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 15.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $827K |
| Surplus / Deficit | +$202K |
| Total Assets | $374K |
| Total Liabilities | $13K |
| Net Assets | $361K |
| Operating Margin | 19.6% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 5.4 months |
Financial Health Grade: A
In 2023, Ascending To Health Respite Care Inc reported a surplus of $202K with revenue exceeding expenses, holds 5.4 months of operating reserves (adequate), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2023), Ascending To Health Respite Care Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +93.7% | +10.4% | +112.4% |
| 2022 | -36.5% | +32.0% | -54.2% |
| 2021 | +1.0% | -33.6% | +170.5% |
| 2020 | +9.7% | +22.2% | -10.5% |
| 2019 | +62.9% | +24.6% | +46.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ascending To Health Respite Care Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ascending To Health Respite Care Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $202K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.4%.
Frequently Asked Questions about Ascending To Health Respite Care Inc
Is Ascending To Health Respite Care Inc a legitimate charity?
Ascending To Health Respite Care Inc (EIN: 274584911) is a registered tax-exempt nonprofit based in Colorado. It has 9 years of IRS 990 filings on record. Total revenue: $1.0M. No red flags identified. Financial health grade: A.
How does Ascending To Health Respite Care Inc spend its money?
Ascending To Health Respite Care Inc reported $1.0M in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ascending To Health Respite Care Inc tax-deductible?
Ascending To Health Respite Care Inc is registered as a tax-exempt nonprofit (EIN: 274584911). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ascending To Health Respite Care Inc located?
Ascending To Health Respite Care Inc is headquartered in Colorado Spgs, Colorado and files with the IRS under EIN 274584911. It is classified under NTEE code L40.
How many years of IRS 990 filings does Ascending To Health Respite Care Inc have?
Ascending To Health Respite Care Inc has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.0M in total revenue.
Filing History
IRS 990 filing history for Ascending To Health Respite Care Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Ascending To Health Respite Care Inc's revenue has grown by 212.3%, moving from $329K to $1.0M. Total assets increased by 68.8% over the same period, from $222K to $374K. Total functional expenses rose by 225.3%, from $254K to $827K. In its most recent filing year (2023), Ascending To Health Respite Care Inc reported a surplus of $202K, with revenue exceeding expenses. The organization holds $13K in liabilities against $374K in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $361K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $827K | $374K | $13K | — | — |
| 2022 | $531K | $749K | $176K | $16K | — | View 990 |
| 2021 | $836K | $567K | $385K | $7K | — | View 990 |
| 2020 | $827K | $854K | $142K | $34K | — | View 990 |
| 2019 | $754K | $699K | $159K | $24K | — | View 990 |
| 2018 | $463K | $561K | $108K | $28K | — | View 990 |
| 2017 | $402K | $476K | $212K | $34K | — | View 990 |
| 2016 | $428K | $355K | $282K | $30K | — | View 990 |
| 2015 | $329K | $254K | $222K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $827K, and assets of $374K (revenue +93.7% year-over-year).
- 2022: Revenue of $531K, expenses of $749K, and assets of $176K (revenue -36.5% year-over-year).
- 2021: Revenue of $836K, expenses of $567K, and assets of $385K (revenue +1.0% year-over-year).
- 2020: Revenue of $827K, expenses of $854K, and assets of $142K (revenue +9.7% year-over-year).
- 2019: Revenue of $754K, expenses of $699K, and assets of $159K (revenue +62.9% year-over-year).
- 2018: Revenue of $463K, expenses of $561K, and assets of $108K (revenue +15.1% year-over-year).
- 2017: Revenue of $402K, expenses of $476K, and assets of $212K (revenue -5.9% year-over-year).
- 2016: Revenue of $428K, expenses of $355K, and assets of $282K (revenue +29.8% year-over-year).
- 2015: Revenue of $329K, expenses of $254K, and assets of $222K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ascending To Health Respite Care Inc:
Data Sources and Methodology
This transparency report for Ascending To Health Respite Care Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.