Ascension Economic Developmentfoundation
Ascension Economic Developmentfoundation operates with no revenue and minimal expenses, slowly drawing down its small asset base.
EIN: 204616260 · Gonzales, LA · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $610 |
| Net Assets | $38K |
| Transparency Score | 30/100 |
Is Ascension Economic Developmentfoundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ascension Economic Developmentfoundation
Ascension Economic Developmentfoundation (EIN: 204616260) is a nonprofit organization based in Gonzales, LA, classified under NTEE code S30. The organization reported total revenue of $0 and total assets of $35K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ascension Economic Developmentfoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ascension Economic Developmentfoundation is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ascension Economic Developmentfoundation with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Ascension Economic Developmentfoundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
The organization consistently reports 0% officer compensation, indicating that no salaries are paid to its executives, which is appropriate given its minimal financial activity and lack of revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ascension Economic Developmentfoundation's IRS 990 filings:
- 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
The following positive indicators were identified for Ascension Economic Developmentfoundation:
- 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.
Frequently Asked Questions about Ascension Economic Developmentfoundation
Is Ascension Economic Developmentfoundation a legitimate charity?
Ascension Economic Developmentfoundation (EIN: 204616260) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 30/100. It has 13 years of IRS 990 filings on record. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Ascension Economic Developmentfoundation spend its money?
Ascension Economic Developmentfoundation reported its financials in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ascension Economic Developmentfoundation tax-deductible?
Ascension Economic Developmentfoundation is registered as a tax-exempt nonprofit (EIN: 204616260). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Ascension Economic Developmentfoundation compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Ascension Economic Developmentfoundation is below average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ascension Economic Developmentfoundation located?
Ascension Economic Developmentfoundation is headquartered in Gonzales, Louisiana and files with the IRS under EIN 204616260. It is classified under NTEE code S30.
How many years of IRS 990 filings does Ascension Economic Developmentfoundation have?
Ascension Economic Developmentfoundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What are the specific programs or activities Ascension Economic Developmentfoundation undertakes?
The provided financial data does not detail specific program activities. With $0 revenue and very low expenses, it's unclear what, if any, active programs are being run.
How does the organization sustain itself with $0 revenue for multiple years?
The organization sustains itself by drawing down its existing asset base. Its assets have decreased from $41,705 in 2018 to $37,628 in 2023, covering its minimal annual expenses.
Is the organization at risk of financial insolvency?
While its assets are slowly declining, with current expenses being very low (e.g., $610 in 2023), the organization is not at immediate risk of insolvency. However, without new revenue, its long-term sustainability is questionable.
Filing History
IRS 990 filing history for Ascension Economic Developmentfoundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ascension Economic Developmentfoundation's revenue has declined by 100%, moving from $6K to $0. Total assets decreased by 10.6% over the same period, from $42K to $38K. Total functional expenses fell by 98.2%, from $34K to $610.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $0 | $610 | $38K | $0 | — | View 990 |
| 2022 | $0 | $715 | $38K | $0 | — | View 990 |
| 2021 | $0 | $618 | $39K | $0 | — | — |
| 2020 | $0 | $1K | $40K | $0 | — | View 990 |
| 2019 | $0 | $748 | $41K | $0 | — | View 990 |
| 2018 | $0 | $2K | $42K | $0 | — | View 990 |
| 2017 | $10K | $4K | $44K | $0 | — | View 990 |
| 2016 | $0 | $4K | $38K | $0 | — | View 990 |
| 2015 | $0 | $98 | $42K | $0 | — | View 990 |
| 2014 | $4K | $1K | $42K | $0 | — | View 990 |
| 2013 | $4K | $2K | $39K | $0 | — | View 990 |
| 2012 | $200 | $5K | $37K | $0 | — | View 990 |
| 2011 | $6K | $34K | $42K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $0, expenses of $610, and assets of $38K.
- 2022: Revenue of $0, expenses of $715, and assets of $38K.
- 2021: Revenue of $0, expenses of $618, and assets of $39K.
- 2020: Revenue of $0, expenses of $1K, and assets of $40K.
- 2019: Revenue of $0, expenses of $748, and assets of $41K.
- 2018: Revenue of $0, expenses of $2K, and assets of $42K (revenue -100.0% year-over-year).
- 2017: Revenue of $10K, expenses of $4K, and assets of $44K.
- 2016: Revenue of $0, expenses of $4K, and assets of $38K.
- 2015: Revenue of $0, expenses of $98, and assets of $42K (revenue -100.0% year-over-year).
- 2014: Revenue of $4K, expenses of $1K, and assets of $42K (revenue -2.5% year-over-year).
- 2013: Revenue of $4K, expenses of $2K, and assets of $39K (revenue +1951.0% year-over-year).
- 2012: Revenue of $200, expenses of $5K, and assets of $37K (revenue -96.7% year-over-year).
- 2011: Revenue of $6K, expenses of $34K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ascension Economic Developmentfoundation:
Data Sources and Methodology
This transparency report for Ascension Economic Developmentfoundation 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.