Aspire Living & Learning Inc

Analysis

Aspire Living & Learning Inc is a registered charity in United States, based in Barre, VT. It received its IRS tax-exemption ruling in December 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Aspire Living & Learning Inc reported income of $89.2m and spending of $85.9m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $80.0m to $89.2m (+11%), an average of +2.7% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aspire Living & Learning Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VT. Charities of a similar size with the same main cause include Old Colony Young Mens Christian Association Inc ($89.0m), Dismas Charities Inc ($89.6m) and Feed More Inc ($89.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.5m (1.7% of expenses). Other salaries and wages came to $46.5m. At year end it held assets of $53.7m against liabilities of $26.7m, net assets of $27.0m. It reported 1,407 employees.