Aspire of Illinois

Analysis

Aspire of Illinois is a registered charity in United States, based in Hillside, IL. It received its IRS tax-exemption ruling in May 1969, 57 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 June 2023, Aspire of Illinois reported income of $19.2m and spending of $17.0m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.6m to $19.2m (+81%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 51%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aspire of Illinois 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 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Pope Francis Center ($19.2m), United Helpers Care Inc ($19.2m) and Wolverine Human Services ($19.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $431k (2.5% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $22.6m against liabilities of $4.4m, net assets of $18.1m. It reported 290 employees.