Aspire Ministries

Analysis

Aspire Ministries is a registered charity in United States, based in Marion, OH. It received its IRS tax-exemption ruling in September 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Aspire Ministries reported income of $106k and spending of $125k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $106k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aspire Ministries sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within OH. Charities of a similar size with the same main cause include Cityheart Incorporated ($106k), National Ladies Homestead Gathering ($106k) and American Jobs for Americas Youth-Montana ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $57k against liabilities of $3,004, net assets of $54k.