Aspira Inc of New Jersey

Analysis

Aspira Inc of New Jersey is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in March 1969, 57 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Aspira Inc of New Jersey reported income of $1.4m and spending of $1.3m, spending 87% of its income. Across the 6 years on record, from June 2018 to June 2023, income fell from $2.4m to $1.4m (-39%), an average of -9.4% a year. The sharpest change came in the year to June 2020, when income dropped by 20%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aspira Inc of New Jersey sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Ucar Exchange ($1.4m), Riverlink Inc ($1.4m) and Nami Georgia Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $74k (5.9% of expenses). Other salaries and wages came to $402k. At year end it held assets of $1.1m against liabilities of $38k, net assets of $1.0m. It reported 102 employees.