Aspire Community Housing and Economic Develepment Organization

Analysis

Aspire Community Housing and Economic Develepment Organization is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2024, Aspire Community Housing and Economic Develepment Organization reported income of $563k and spending of $601k, spending 107% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $607k to $563k (-7.3%), an average of -1.5% a year. The sharpest change came in the year to June 2020, when income dropped by 19%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Aspire Community Housing and Economic Develepment Organization sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include YWCA Third Street Inc ($563k), Eikon Ministries Inc ($563k) and Vine Street Manor Housing Corp ($563k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $4.4m against liabilities of $4.9m, net assets of -$500k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.