Charity Search / GREATER ASCENSION COMMUNITY AND ECONOMIC DEVELOPMENT INC
Housing & Shelter (L99) 990 on File

GREATER ASCENSION COMMUNITY AND ECONOMIC DEVELOPMENT INC

EIN: 86-1889070 · DURHAM, NC 27713-5272 · United States · FY 2025 Data
3 out of 5 48 / 100 Based on 2+ years of filings
Financial strength (30%) 79/100
Reliability (20%) 45/100
Effectiveness (25%) 61/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2025
$122K
Total Revenue
$120K
Total Expenses
$7K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 76.5%
Fundraising Efficiency N/A
Operating Reserve 0.74x
Liability-to-Asset 0.0%
Revenue Diversification 99.6%
Compared with Peers
FY 2025
Compared with 2,936 similar organizations (United States, Housing & Shelter, $100K–$1M in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
76.5% 87.3%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
0.7 mo 13.5 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
0.0% 21.9%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
99.6% 90.8%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
39.6% 4.8%
P10P90
Expense growth
Year over year expense growth
40.2% 4.2%
P10P90
Surplus margin
Surplus as a share of revenue
2.0% -6.0%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $122K $120K $7K 76.5%
2024 $87K $85K $5K 100.0%
2021 $0 $0 N/A 1
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Organization Details
EIN
86-1889070
State
NC
City
DURHAM
ZIP
27713-5272
Classification
L99
Category
Housing & Shelter
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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