Aspire Education Project

Analysis

Aspire Education Project is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Aspire Education Project reported income of $399k and spending of $565k, spending 142% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $758k to $399k (-47%), an average of -15% a year. The sharpest change came in the year to June 2020, when income dropped by 29%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aspire Education Project sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Trinity Christian Academy of Lawton Inc ($399k), Sheet Metal Workers Local Union 83 Joint Apprenticeship Trust Fund ($399k) and Young Athletes for Christ Inc ($399k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $37k (6.6% of expenses). Other salaries and wages came to $310k. At year end it held assets of $555k against liabilities of $557k, net assets of -$2,542. It reported 44 employees.