Aspire Youth & Family Inc

Analysis

Aspire Youth & Family Inc is a registered charity in United States, based in Balsam, NC. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 2023, Aspire Youth & Family Inc reported income of $1.9m and spending of $1.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $594k to $1.9m (+216%), an average of +33% a year. The sharpest change came in the year to June 2020, when income rose by 82%. Over the whole period it spent 96% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Aspire Youth & Family Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include American Jail Association ($1.9m), Unlocked Labs ($1.9m) and Mountain State Justice Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $110k (5.7% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $591k against liabilities of $67k, net assets of $524k. It reported 58 employees.