Aspire Inc

Analysis

Aspire Inc is a registered charity in United States, based in Emerson, NJ. It received its IRS tax-exemption ruling in January 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Aspire Inc reported income of $377k and spending of $393k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $193k to $377k (+95%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 126%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aspire Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include Rcri USA ($377k), Samaritan Counseling Center of the Midsouth ($377k) and Colorado County Youth and Family Services Inc ($377k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $138k (35% of expenses). Other salaries and wages came to $183k. At year end it held assets of $32k against liabilities of $21k, net assets of $11k. It reported 15 employees.