Aspiritech NFP

Analysis

Aspiritech NFP is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Aspiritech NFP reported income of $5.9m and spending of $6.5m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.0m to $5.9m (-1.4%), an average of -0.4% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aspiritech NFP 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 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Nonpareil Institute ($5.9m), South Asian Council for Social Serv Ices Inc ($5.9m) and Bossier Office of Community Services Inc ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Other salaries and wages came to $4.8m. At year end it held assets of $4.9m against liabilities of $421k, net assets of $4.5m. It reported 122 employees.