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Education · 2023 Form 990

Ascendium Education Solutions Inc: $298.2M Revenue, $93.2M Program Expenses

Madison, Wisconsin · EIN 391853833 · Filing year 2023

Ascendium Education Solutions Inc reported $298.2M in total revenue, $119.5M in total expenses, and $351.5M in total assets on its 2023 IRS Form 990. 78.0% of expenses ($93.2M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: C (62/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

C
Efficiency Score
62/100

Key Facts (2023 Form 990)

Total Revenue
$298.2M
Total Expenses
$119.5M
Program Expenses
$93.2M
Program Expense Ratio
78.0%
Total Assets
$351.5M
Reserve Months
35.3 months
EIN
391853833
Latest 990 Year
2023
Top Officer Compensation
Not reported

The composite efficiency score of 62/100 puts Ascendium Education Solutions Inc at C — neither standout nor failing. Some factors run above the median (typically program spending) while others run below (typically reserves or trend stability).

Ascendium Education Solutions Inc is a large nonprofit by U.S. standards: $298.2M in 2023 revenue against $119.5M in expenses. Organizations in this revenue bracket usually run multiple programs with permanent staff and a meaningful endowment or reserve. Ascendium Education Solutions Inc directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.

Revenue has declined meaningfully over the five-year filing window — a pattern that warrants attention to underlying funding sustainability. Ascendium Education Solutions Inc's 2023 revenue is materially below its earlier filings. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. In the Education category, Ascendium Education Solutions Inc sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue ratios should be read.


$298.2M
Revenue
$119.5M
Expenses
$351.5M
Total Assets
78.0%
Program Spending

How Ascendium Education Solutions Inc Compares

Ascendium Education Solutions Inc directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 62/100 is 12 points below the Education category average. The organization holds 35.3 months of operating reserves, indicating strong financial stability.

Financials

Where Your Donation Goes

$93.2M
Program Spending
78.0% of expenses
Not reported
CEO Compensation
35.3 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, for every dollar donated to Ascendium Education Solutions Inc, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.

Trend

Revenue History


Ascendium Education Solutions Inc has an Efficiency Score of C (62/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

Ascendium Education Solutions Inc, Donor FAQ

Ascendium Education Solutions Inc has an Efficiency Score of C (62/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

CEO/officer compensation for Ascendium Education Solutions Inc is not reported in the most recent IRS 990 filing on file.

Ascendium Education Solutions Inc reported $298.2M in annual revenue and $119.5M in total expenses for filing year 2023. The organization holds $351.5M in total assets.

For every dollar donated to Ascendium Education Solutions Inc, approximately 78.0 cents goes to program activities. The organization has 35.3 months of operating reserves, providing financial stability to sustain its mission.

Ascendium Education Solutions Inc is a registered 501(c) organization with EIN 391853833, based in Madison, Wisconsin. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.