Aspen Group

Analysis

Aspen Group is a registered charity in United States, based in Okemos, MI. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Aspen Group reported income of $336k and spending of $285k, spending 85% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $72k to $336k (+367%), an average of +67% a year. The sharpest change came in the year to December 2022, when income rose by 3561%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Aspen Group sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MI. Charities of a similar size with the same main cause include Kiddie Factory Inc ($336k), Port Orange Family Days Community Trust Inc ($336k) and Benton Harbor Education Foundation ($336k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $297k against liabilities of $78k, net assets of $219k.