ASCENDUS INC FKA ACCION EAST INC
AI Summary
ASCENDUS INC FKA ACCION EAST INC is a business and industry nonprofit focused on entrepreneurship, working to empower low- to moderate-income business owners through access to capital and financial education. In 2024, it operated with a $15.8M budget and $12.2M in revenue, and its top funders included ROBIN HOOD FOUNDATION, NYBDC LOCAL DEVELOPMENT CORPORATION, and Wells Fargo Foundation.
Mission Statement
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.
Cause Areas
2
Entrepreneurship
Business and industry
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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- 50 funders
- 65 board & team members
- 12 historic 990s & financials
- 6-year operating budget trend
Frequently Asked Questions
What is ASCENDUS INC FKA ACCION EAST INC’s budget?
In 2024, ASCENDUS INC FKA ACCION EAST INC reported an annual operating budget of around $15.8 million. More detailed financial information is available to registered users.
What causes does ASCENDUS INC FKA ACCION EAST INC support?
ASCENDUS INC FKA ACCION EAST INC supports work in Entrepreneurship and Business and industry.
Where does ASCENDUS INC FKA ACCION EAST INC operate?
ASCENDUS INC FKA ACCION EAST INC is headquartered in New York, NY.
Who funded ASCENDUS INC FKA ACCION EAST INC recently?
In 2025, ASCENDUS INC FKA ACCION EAST INC received grants from GREAT RIVERS COMMUNITY TRUST, COMMUNITY REINVESTMENT FUND INC, and TR UW HELEN F KIMBALL-THE MOSES KIMBALL FUND FOR PROMOTION OF GOOD CITIZENSHIP. More information on this organization’s funders is available to registered users.
What is the largest grant ASCENDUS INC FKA ACCION EAST INC received in 2024?
The largest grant to ASCENDUS INC FKA ACCION EAST INC in 2024 exceeds $300 thousand.
What is ASCENDUS INC FKA ACCION EAST INC’s reliance on government grants?
ASCENDUS INC FKA ACCION EAST INC relied on government grants for more than 20% of their total revenue in 2024.