Ascension Hermitage And Sanctuary Inc
Ascension Hermitage And Sanctuary Inc maintains a stable asset base with no liabilities, operating with a volunteer leadership.
EIN: 161482599 · Westover, MD · NTEE: D20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $83K |
| Total Expenses | $76K |
| Program Spending | 85% |
| Net Assets | $359K |
| Transparency Score | 85/100 |
Is Ascension Hermitage And Sanctuary Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ascension Hermitage And Sanctuary Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ascension Hermitage And Sanctuary Inc
Ascension Hermitage And Sanctuary Inc (EIN: 161482599) is a nonprofit organization based in Westover, MD, classified under NTEE code D20. The organization reported total revenue of $83K and total assets of $352K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ascension Hermitage And Sanctuary Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ascension Hermitage And Sanctuary Inc is a micro nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $72K |
| Total Expenses | $76K |
| Surplus / Deficit | $-4,625 |
| Total Assets | $359K |
| Net Assets | $359K |
| Operating Margin | -6.4% |
| Months of Reserves | 56.3 months |
Financial Health Grade: B
In 2023, Ascension Hermitage And Sanctuary Inc reported a deficit of $5K with expenses exceeding revenue, holds 56.3 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2018–2023), Ascension Hermitage And Sanctuary Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.9% | +5.6% | -1.2% |
| 2022 | -28.1% | +39.2% | -12.2% |
| 2021 | +67.9% | -21.8% | +13.8% |
| 2020 | -45.4% | -8.9% | -4.7% |
| 2019 | +32.7% | +7.1% | +8.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1400 |
| IRS Ruling Date | 2018 |
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 Hermitage And Sanctuary Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Ascension Hermitage And Sanctuary Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size.
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 Hermitage And Sanctuary Inc's IRS 990 filings:
- Expenses exceeded revenue in multiple periods (e.g., 202312, 202212, 202012), indicating potential reliance on reserves or fluctuating income streams.
Strengths
The following positive indicators were identified for Ascension Hermitage And Sanctuary Inc:
- Consistent $0 liabilities across all filings, indicating strong financial health and no debt.
- Stable and substantial asset base (over $350,000) providing financial security.
- 0% officer compensation reported in all filings, demonstrating volunteer leadership and efficient use of funds.
- Consistent filing of IRS 990 forms, indicating good transparency.
Frequently Asked Questions about Ascension Hermitage And Sanctuary Inc
Is Ascension Hermitage And Sanctuary Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ascension Hermitage And Sanctuary Inc (EIN: 161482599) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Ascension Hermitage And Sanctuary Inc spend its money?
Ascension Hermitage And Sanctuary Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ascension Hermitage And Sanctuary Inc tax-deductible?
Ascension Hermitage And Sanctuary Inc is registered as a tax-exempt nonprofit (EIN: 161482599). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ascension Hermitage And Sanctuary Inc's spending goes to programs?
Ascension Hermitage And Sanctuary Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ascension Hermitage And Sanctuary Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ascension Hermitage And Sanctuary Inc is above average for NTEE category D20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ascension Hermitage And Sanctuary Inc located?
Ascension Hermitage And Sanctuary Inc is headquartered in Westover, Maryland and files with the IRS under EIN 161482599. It is classified under NTEE code D20.
How many years of IRS 990 filings does Ascension Hermitage And Sanctuary Inc have?
Ascension Hermitage And Sanctuary Inc has 6 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 $83K in total revenue.
Is Ascension Hermitage And Sanctuary Inc a good charity?
Based on the available data, Ascension Hermitage And Sanctuary Inc appears to be a well-managed charity. It maintains a strong asset base, has no reported liabilities, and operates with a volunteer leadership, which suggests a high dedication to its mission and efficient use of resources. While it has experienced periods where expenses exceeded revenue, its substantial assets provide financial stability.
How has the organization's financial health changed over time?
The organization's assets have remained relatively stable, fluctuating between $351,864 and $413,435 over the six filing periods, indicating consistent financial stability. Revenue and expenses have varied, with revenue ranging from $45,439 to $83,223 and expenses from $51,979 to $76,389. Despite some operational deficits, the consistent $0 liabilities and strong asset base demonstrate resilience.
What is the significance of 0% officer compensation?
0% officer compensation is a significant strength, as it means that the organization's leadership is not drawing salaries from the nonprofit's funds. This suggests a high level of commitment from its officers and allows a greater proportion of the organization's revenue to be directed towards its programs and mission, rather than administrative overhead.
Filing History
IRS 990 filing history for Ascension Hermitage And Sanctuary Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Ascension Hermitage And Sanctuary Inc's revenue has grown by 14.5%, moving from $63K to $72K. Total assets increased by 1.7% over the same period, from $353K to $359K. Total functional expenses rose by 12%, from $68K to $76K. In its most recent filing year (2023), Ascension Hermitage And Sanctuary Inc reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $72K | $76K | $359K | $0 | — | View 990 |
| 2022 | $55K | $72K | $363K | $0 | — | — |
| 2021 | $76K | $52K | $413K | $0 | — | — |
| 2020 | $45K | $66K | $363K | $0 | — | View 990 |
| 2019 | $83K | $73K | $381K | $0 | — | View 990 |
| 2018 | $63K | $68K | $353K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $72K, expenses of $76K, and assets of $359K (revenue +30.9% year-over-year).
- 2022: Revenue of $55K, expenses of $72K, and assets of $363K (revenue -28.1% year-over-year).
- 2021: Revenue of $76K, expenses of $52K, and assets of $413K (revenue +67.9% year-over-year).
- 2020: Revenue of $45K, expenses of $66K, and assets of $363K (revenue -45.4% year-over-year).
- 2019: Revenue of $83K, expenses of $73K, and assets of $381K (revenue +32.7% year-over-year).
- 2018: Revenue of $63K, expenses of $68K, and assets of $353K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ascension Hermitage And Sanctuary Inc:
Data Sources and Methodology
This transparency report for Ascension Hermitage And Sanctuary 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.