Aspire of Western New York Inc

Analysis

Aspire of Western New York Inc is a registered charity in United States, based in Getzville, NY. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 of Western New York Inc reported income of $84.6m and spending of $82.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $72.6m to $84.6m (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Aspire of Western New York 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 NY. Charities of a similar size with the same main cause include Linden Ponds Inc ($79.1m), Texas State Affordable Housing Corporation ($88.1m) and Elwyn California ($78.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.6m (2.0% of expenses). Other salaries and wages came to $49.2m. At year end it held assets of $36.4m against liabilities of $20.0m, net assets of $16.4m. It reported 2,010 employees.