Public Charity

ASCENDUS INC

ASCENDUS INC, of NEW YORK, NY, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $12.2M in revenue, $15.8M in expenses, $61.5M in total assets. 56 publicly reported grants to this organization, totaling roughly $8.2M, appear in IRS filings.

EIN: 113317234 NEW YORK, NY Latest filing: 2024
Total Revenue$12.2M
Total Expenses$15.8M
Total Assets$61.5M
Grant Records56
Funding Total$8.2M
Filing Years2019–2024

Mission

ASCENDUS EMPOWERS LOW-TO-MODERATE INCOME BUSINESS OWNERS THROUGH ACCESS TO CAPITAL AND FINANCIAL EDUCATION.

Officers & Directors

DIRECTOR Amy Hellen
CHIEF LENDING OFFICER Ana Hammock
SVP, LENDING Andrea Ierace
DIRECTOR Armando Acosta
VICE-CHAIR (OUTGOING) Colleen Galvin
VICE-CHAIR Daniel Delehanty

Officer compensation and complete director data available with membership.

Top Grant Purposes

TO ADDRESS INCOME INEQUALITY IN NEW YORK CITY BY PROVIDING CAPITAL TO BUSINESSES AND ENTREPRENEURS IN HIGHLY DISTRESSED NEIGHBORHOODS.
$1,748,767 2 grants
Operating Support/Annual Fund
$1,013,125 2 grants
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
$1,010,000 4 grants
MICRO-LENDING ACTIVITIES
$735,217 2 grants
GENERAL SUPPORT
$717,401 11 grants

Financial Trends

Year Revenue Expenses Assets
2024 $12.2M $15.8M $61.5M
2023 $10.6M $13.2M $44.5M
2022 $13.4M $9.1M $40.5M
2020 $12.4M $9.2M $33.0M
2019 $7.1M $8.9M $22.6M

Between 2019 and 2024, reported annual revenue grew from $7.1M to $12.2M (+73%), with total assets most recently reported at $61.5M.

Interactive year-over-year charts and full filing details available with membership.

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