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Ascendus INC

Public charityFed auditsIRS 990
Community Development · NEW YORK, NY · EIN 11-3317234

About

Ascendus empowers low-to-moderate income business owners through access to capital and financial education. With economic opportunity, these entrepreneurs, often minorities and women, CAN build assets, better provide for their families, create employment and strengthen their communities.

Donations are tax-deductible
Category
Community Development
Employees
54
Volunteers
31

Financial Snapshot

FY ending 2023-12-31
Revenue
$10.6M
Expenses
$13.2M
Assets
$44.5M
Liabilities
$26.5M

Financial history

$13.4M$6.7M$0
1617181920212223
RevenueExpenses
Latest FY2023: $10.6M · Peak FY2022: $13.4M · Avg: $9.4M

Foreign activity (Schedule F)

Total spent abroad$121K
Foreign employees1
Foreign offices0
Foreign partnership interestNo
Foreign trust interestNo
RegionActivitySpent
CENTRAL AMERICA AND THE CARIBBEAN
ASCENDUS INC
Your actions

Address

260 Madison Avenue 8TH Floor 8101
New YORK, NY, 10016-241

Governance

Voting board members17
Independent members17
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.