Ascent Academies Of Utah
EIN: 462680772 · West Jordan, UT · NTEE: B29
| Metric | Value |
|---|---|
| Total Revenue | $33.7M |
| Total Expenses | $30.4M |
| Net Assets | $-2,288,407 |
Is Ascent Academies Of Utah Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ascent Academies Of Utah
Ascent Academies Of Utah (EIN: 462680772) is a nonprofit organization based in West Jordan, UT, classified under NTEE code B29. The organization reported total revenue of $33.7M and total assets of $86.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ascent Academies Of Utah's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ascent Academies Of Utah is a large nonprofit that has been operating for 11 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 74.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $30.6M |
| Total Expenses | $30.4M |
| Surplus / Deficit | +$174K |
| Total Assets | $65.5M |
| Total Liabilities | $67.7M |
| Net Assets | $-2,288,407 |
| Operating Margin | 0.6% |
| Debt-to-Asset Ratio | 103.5% |
| Months of Reserves | 25.8 months |
Financial Health Grade: A
In 2023, Ascent Academies Of Utah reported a surplus of $174K with revenue exceeding expenses, holds 25.8 months of operating reserves (strong position), has a debt-to-asset ratio of 103.5% (high leverage).
Financial Trends
Over 10 years of filings (2014–2023), Ascent Academies Of Utah's revenue has grown at a compound annual growth rate (CAGR) of 74.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +32.8% | +19.8% | +29.3% |
| 2022 | -0.6% | +1.4% | +8.9% |
| 2021 | +6.4% | +9.2% | -4.7% |
| 2020 | +7.7% | +10.4% | -2.2% |
| 2019 | +22.0% | +48.6% | +30.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ascent Academies Of Utah 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 Ascent Academies Of Utah 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 $174K, with revenue exceeding expenses.
- Debt-to-asset ratio: 103.5%.
Frequently Asked Questions about Ascent Academies Of Utah
Is Ascent Academies Of Utah a legitimate charity?
Based on AI analysis of IRS 990 filings, Ascent Academies Of Utah (EIN: 462680772) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ascent Academies Of Utah spend its money?
Detailed spending breakdown data is not yet available for Ascent Academies Of Utah. Check back for updated IRS 990 analysis.
Are donations to Ascent Academies Of Utah tax-deductible?
Ascent Academies Of Utah is registered as a tax-exempt nonprofit (EIN: 462680772). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ascent Academies Of Utah located?
Ascent Academies Of Utah is headquartered in West Jordan, Utah and files with the IRS under EIN 462680772. It is classified under NTEE code B29.
How many years of IRS 990 filings does Ascent Academies Of Utah have?
Ascent Academies Of Utah has 10 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 $33.7M in total revenue.
Filing History
IRS 990 filing history for Ascent Academies Of Utah showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Ascent Academies Of Utah's revenue has grown by 14686.5%, moving from $207K to $30.6M. Total assets increased by 13432.2% over the same period, from $484K to $65.5M. Total functional expenses rose by 9728.4%, from $309K to $30.4M. In its most recent filing year (2023), Ascent Academies Of Utah reported a surplus of $174K, with revenue exceeding expenses. The organization holds $67.7M in liabilities against $65.5M in assets (debt-to-asset ratio: 103.5%), resulting in net assets of $-2,288,407.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $30.6M | $30.4M | $65.5M | $67.7M | — | View 990 |
| 2022 | $23.0M | $25.4M | $50.6M | $53.1M | — | View 990 |
| 2021 | $23.1M | $25.0M | $46.5M | $46.6M | — | — |
| 2020 | $21.8M | $22.9M | $48.8M | $46.4M | — | View 990 |
| 2019 | $20.2M | $20.8M | $49.9M | $46.4M | — | View 990 |
| 2018 | $16.6M | $14.0M | $38.2M | $34.2M | — | View 990 |
| 2017 | $13.8M | $13.0M | $33.9M | $32.4M | — | View 990 |
| 2016 | $12.9M | $12.2M | $34.0M | $33.3M | — | View 990 |
| 2015 | $7.2M | $7.2M | $17.6M | $17.7M | — | View 990 |
| 2014 | $207K | $309K | $484K | $586K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $30.6M, expenses of $30.4M, and assets of $65.5M (revenue +32.8% year-over-year).
- 2022: Revenue of $23.0M, expenses of $25.4M, and assets of $50.6M (revenue -0.6% year-over-year).
- 2021: Revenue of $23.1M, expenses of $25.0M, and assets of $46.5M (revenue +6.4% year-over-year).
- 2020: Revenue of $21.8M, expenses of $22.9M, and assets of $48.8M (revenue +7.7% year-over-year).
- 2019: Revenue of $20.2M, expenses of $20.8M, and assets of $49.9M (revenue +22.0% year-over-year).
- 2018: Revenue of $16.6M, expenses of $14.0M, and assets of $38.2M (revenue +19.8% year-over-year).
- 2017: Revenue of $13.8M, expenses of $13.0M, and assets of $33.9M (revenue +6.9% year-over-year).
- 2016: Revenue of $12.9M, expenses of $12.2M, and assets of $34.0M (revenue +79.5% year-over-year).
- 2015: Revenue of $7.2M, expenses of $7.2M, and assets of $17.6M (revenue +3382.1% year-over-year).
- 2014: Revenue of $207K, expenses of $309K, and assets of $484K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ascent Academies Of Utah:
Data Sources and Methodology
This transparency report for Ascent Academies Of Utah 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.