Aspira Inc of Pennsylvania

Analysis

Aspira Inc of Pennsylvania is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 1969, 57 years ago. 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, Aspira Inc of Pennsylvania reported income of $31.0m and spending of $28.0m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $38.6m to $31.0m (-20%), an average of -5.3% a year. The sharpest change came in the year to June 2023, when income dropped by 25%. Over the whole period it spent 86% 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 Pennsylvania sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Nysarc Inc ($31.0m), First Step Inc ($31.1m) and The Arc of Chester County ($31.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $70k (0.3% of expenses). Other salaries and wages came to $17.3m. At year end it held assets of $23.3m against liabilities of $4.4m, net assets of $18.9m. It reported 437 employees.