Aspire Charter Academy Inc

Analysis

Aspire Charter Academy Inc is a registered charity in United States, based in Gary, IN. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Aspire Charter Academy Inc reported income of $9.9m and spending of $9.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.8m to $9.9m (+27%), an average of +6.2% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aspire Charter Academy Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include Universal Alcorn Charter School Inc ($9.9m), Friends of the Constellation Brands Marvin Sands Performing Arts Ctr ($9.9m) and Tower School in Marblehead Inc ($9.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.6% of the total. Other salaries and wages came to $4.3m. At year end it held assets of $1.2m against liabilities of $1.1m, net assets of $122k.