Aspen Ridge School

Analysis

Aspen Ridge School is a registered charity in United States, based in Erie, CO. It received its IRS tax-exemption ruling in May 2014, 12 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 Ridge School reported income of $8.2m and spending of $7.7m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $8.2m (+32%), an average of +7.3% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aspen Ridge School 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 95th percentile within CO. Charities of a similar size with the same main cause include Adopt-A-Classroom Inc ($8.2m), Milwaukee Scholars Charter School Inc ($8.2m) and Tbca Inc ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.9% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $116k (1.5% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $19.1m against liabilities of $18.2m, net assets of $987k. It reported 94 employees.