Aspirehope Ny Inc

Analysis

Aspirehope Ny Inc is a registered charity in United States, based in Bath, NY. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover health care, 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 December 2023, Aspirehope Ny Inc reported income of $1.8m and spending of $1.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.8m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Aspirehope Ny Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Revive Dental Tennessee ($1.8m), Friends of Ednas Maternity Hospital ($1.8m) and Neurodegenerative Disease Research Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $118k (6.8% of expenses). Other salaries and wages came to $940k. At year end it held assets of $1.8m against liabilities of $1.4m, net assets of $381k. It reported 81 employees.