Aspire Developmental Services Inc

Analysis

Aspire Developmental Services Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in June 1955, 71 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Aspire Developmental Services Inc reported income of $9.5m and spending of $9.9m, spending 105% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $8.2m to $9.5m (+16%), an average of +2.9% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Aspire Developmental Services Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Unity Health - Newport ($9.5m), Providence Health Care Foundation Eastern Washington ($9.5m) and Capital Region Health Ventures Corporation ($9.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.5% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $233k (2.3% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $7.9m against liabilities of $3.8m, net assets of $4.1m. It reported 111 employees.