BEducationEIN: 822023126· Ruling Year: 2017

Friends Of@Ascend Charter Schools Inc

Brooklyn, New York

B-Health Score
52B-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Average

How This Organization Compares

Compared to 73 peers in Education with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org0.16×
Peer Median9.48×
💰
$27.6M
Total Revenue
📊
$26.5M
Total Expenses
🏦
$4.1M
Net Assets
📋
$245.2M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+67.7%
Year-over-year change (2022 → 2023)
Net Margin
+4.3%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.16
Net assets divided by total expenses
Liabilities-to-Assets
98.3%
Total liabilities as % of total assets

Filing History

6 filings on record
YearRevenueExpensesAssets
2023$27,639,87968%$26,464,99552%$249,362,458377%
2022$16,484,6202%$17,436,08414%$52,287,3602%
2021$16,135,87014%$15,326,64112%$51,013,53626%
2020$14,188,87437%$13,700,73936%$40,604,88414%
2019$10,388,385106%$10,093,30950%$35,671,74744%
2018$5,036,614$6,734,304$24,734,000

Frequently Asked Questions

What does Friends Of@Ascend Charter Schools Inc do?

Friends Of@Ascend Charter Schools Inc is a education nonprofit organization based in New York. It is classified under NTEE code B11 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Friends Of@Ascend Charter Schools Inc financially healthy?

Based on our 9-metric Financial Health Score model, Friends Of@Ascend Charter Schools Inc has a score of 52/100 (Grade: B-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Friends Of@Ascend Charter Schools Inc generate?

Friends Of@Ascend Charter Schools Inc reports $31.2M in annual revenue and holds $293.3M in total assets, based on IRS filings.

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