Aspira Association Inc

Analysis

Aspira Association Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1968, 58 years ago. 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 2023, Aspira Association Inc reported income of $965k and spending of $774k, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $313k to $965k (+209%), an average of +32% a year. The sharpest change came in the year to June 2022, when income rose by 156%. Over the whole period it spent 135% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aspira Association Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 54th percentile within DC. Charities of a similar size with the same main cause include Vienna Volunteer Fire Department Inc ($965k), Amiela Inc ($965k) and United Way of Natrona County Inc ($965k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $159k (21% of expenses). At year end it held assets of $1.4m against liabilities of $698k, net assets of $695k. It reported 2 employees.