Options For Ascension Inc
EIN: 721462959 · Baton Rouge, LA · NTEE: L21
| Metric | Value |
|---|---|
| Total Revenue | $69K |
| Total Expenses | $224K |
| Net Assets | $245K |
Is Options For Ascension Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Options For Ascension Inc
Options For Ascension Inc (EIN: 721462959) is a nonprofit organization based in Baton Rouge, LA, classified under NTEE code L21. The organization reported total revenue of $69K and total assets of $783K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Options For Ascension Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Options For Ascension Inc is a micro nonprofit that has been operating for 26 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $69K |
| Total Expenses | $224K |
| Surplus / Deficit | $-154,095 |
| Total Assets | $783K |
| Total Liabilities | $538K |
| Net Assets | $245K |
| Operating Margin | -221.8% |
| Debt-to-Asset Ratio | 68.7% |
| Months of Reserves | 42.0 months |
Financial Health Grade: C
In 2023, Options For Ascension Inc reported a deficit of $154K with expenses exceeding revenue, holds 42.0 months of operating reserves (strong position), has a debt-to-asset ratio of 68.7% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Options For Ascension Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -52.4% | +26.1% | +23.3% |
| 2021 | +16.8% | -3.8% | -13.9% |
| 2020 | +9.0% | +11.6% | +8.4% |
| 2019 | -14.7% | -16.2% | -5.8% |
| 2018 | +4.7% | +16.5% | -2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Options For Ascension 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 Options For Ascension 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 deficit of $154K, with expenses exceeding revenue.
- Debt-to-asset ratio: 68.7%.
Frequently Asked Questions about Options For Ascension Inc
Is Options For Ascension Inc a legitimate charity?
Options For Ascension Inc (EIN: 721462959) is a registered tax-exempt nonprofit based in Louisiana. It has 12 years of IRS 990 filings on record. Total revenue: $69K. No red flags identified. Financial health grade: C.
How does Options For Ascension Inc spend its money?
Options For Ascension Inc reported $69K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Options For Ascension Inc tax-deductible?
Options For Ascension Inc is registered as a tax-exempt nonprofit (EIN: 721462959). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Options For Ascension Inc located?
Options For Ascension Inc is headquartered in Baton Rouge, Louisiana and files with the IRS under EIN 721462959. It is classified under NTEE code L21.
How many years of IRS 990 filings does Options For Ascension Inc have?
Options For Ascension Inc has 12 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 $69K in total revenue.
Filing History
IRS 990 filing history for Options For Ascension Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Options For Ascension Inc's revenue has declined by 25.7%, moving from $93K to $69K. Total assets decreased by 4.4% over the same period, from $819K to $783K. Total functional expenses rose by 38.4%, from $162K to $224K. In its most recent filing year (2023), Options For Ascension Inc reported a deficit of $154K, with expenses exceeding revenue. The organization holds $538K in liabilities against $783K in assets (debt-to-asset ratio: 68.7%), resulting in net assets of $245K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $69K | $224K | $783K | $538K | — | View 990 |
| 2021 | $146K | $177K | $635K | $121K | — | View 990 |
| 2020 | $125K | $184K | $737K | $192K | — | View 990 |
| 2019 | $115K | $165K | $680K | $76K | — | View 990 |
| 2018 | $134K | $197K | $722K | $67K | — | View 990 |
| 2017 | $128K | $169K | $740K | $22K | — | — |
| 2016 | $152K | $176K | $778K | $20K | — | View 990 |
| 2015 | $254K | $164K | $802K | $21K | — | View 990 |
| 2014 | $301K | $152K | $820K | $127K | — | View 990 |
| 2013 | $156K | $152K | $832K | $288K | — | View 990 |
| 2012 | $153K | $138K | $867K | $327K | — | View 990 |
| 2011 | $93K | $162K | $819K | $294K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $69K, expenses of $224K, and assets of $783K (revenue -52.4% year-over-year).
- 2021: Revenue of $146K, expenses of $177K, and assets of $635K (revenue +16.8% year-over-year).
- 2020: Revenue of $125K, expenses of $184K, and assets of $737K (revenue +9.0% year-over-year).
- 2019: Revenue of $115K, expenses of $165K, and assets of $680K (revenue -14.7% year-over-year).
- 2018: Revenue of $134K, expenses of $197K, and assets of $722K (revenue +4.7% year-over-year).
- 2017: Revenue of $128K, expenses of $169K, and assets of $740K (revenue -15.7% year-over-year).
- 2016: Revenue of $152K, expenses of $176K, and assets of $778K (revenue -40.1% year-over-year).
- 2015: Revenue of $254K, expenses of $164K, and assets of $802K (revenue -15.7% year-over-year).
- 2014: Revenue of $301K, expenses of $152K, and assets of $820K (revenue +93.2% year-over-year).
- 2013: Revenue of $156K, expenses of $152K, and assets of $832K (revenue +2.0% year-over-year).
- 2012: Revenue of $153K, expenses of $138K, and assets of $867K (revenue +63.6% year-over-year).
- 2011: Revenue of $93K, expenses of $162K, and assets of $819K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Options For Ascension Inc:
Data Sources and Methodology
This transparency report for Options For Ascension 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.