Aspira Inc of Illinois

Analysis

Aspira Inc of Illinois is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1969, 57 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Aspira Inc of Illinois reported income of $22.5m and spending of $23.9m, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $20.5m to $22.5m (+9.8%), an average of +3.2% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aspira Inc of Illinois sits at the 98th percentile: it is larger than about 98% 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 Goodwill Industries of San Joaquin Valley Inc ($22.5m), Three Rivers Community Action Inc ($22.5m) and Fetter Health Care Network Inc ($22.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $11.6m. At year end it held assets of $36.5m against liabilities of $9.6m, net assets of $26.9m. It reported 452 employees.