Aspiring Leaders Enrichment Center Inc

Analysis

Aspiring Leaders Enrichment Center Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Aspiring Leaders Enrichment Center Inc reported income of $349k and spending of $334k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $595k to $349k (-41%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 138%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aspiring Leaders Enrichment Center Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Bezerk Productions ($349k), Professional Numismatists Guild Inc ($349k) and Bergen County Players Inc ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.4% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $54k (16% of expenses). Other salaries and wages came to $214k. At year end it held assets of $77k against liabilities of $5,287, net assets of $72k. It reported 38 employees.