Aspen Academy

Analysis

Aspen Academy is a registered charity in United States, based in Savage, MN. It received its IRS tax-exemption ruling in July 2010, 16 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, Aspen Academy reported income of $7.9m and spending of $7.6m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $7.9m (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aspen Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include Shalom Christian Academy Association ($7.9m), Guilford-Sabis Charter School Corporation ($7.9m) and Neca-Ibew Electrical Training Trust ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $311k (4.1% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $4.5m against liabilities of $5.8m, net assets of -$1.3m. It reported 115 employees.