Aspiras Bilingual Cyber Charter School

Analysis

Aspiras Bilingual Cyber Charter School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 2011, 15 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, Aspiras Bilingual Cyber Charter School reported income of $22.9m and spending of $22.5m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.9m to $22.9m (+157%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 55%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aspiras Bilingual Cyber Charter School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Wonderful Foundations ($22.9m), The Hagedorn Little Village School ($22.9m) and Metairie Park Country Day School ($22.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $208k (0.9% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $17.2m against liabilities of $8.4m, net assets of $8.8m. It reported 37 employees.