Aspira of Delaware Charter Operations

Analysis

Aspira of Delaware Charter Operations is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in May 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, Aspira of Delaware Charter Operations reported income of $25.3m and spending of $28.2m, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $15.8m to $25.3m (+60%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aspira of Delaware Charter Operations sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within DE. Charities of a similar size with the same main cause include Santa Catalina School ($25.3m), Salina Health Education Foundaton ($25.3m) and Kipp Memphis Inc ($25.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $654k (2.3% of expenses). Other salaries and wages came to $11.0m. At year end it held assets of $68.6m against liabilities of $94.0m, net assets of -$25.4m.

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.