Aspirus at Home Inc

Analysis

Aspirus at Home Inc is a registered charity in United States, based in Wausau, WI. It received its IRS tax-exemption ruling in July 1948, 78 years ago. 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, Aspirus at Home Inc reported income of $20.5m and spending of $22.4m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.3m to $20.5m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aspirus at Home Inc 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 WI. Charities of a similar size with the same main cause include Local Government Corporation ($20.5m), Fenn School Inc ($20.5m) and Day Care Resources Inc ($20.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.5% and program service revenue 48% of the total. Other salaries and wages came to $11.4m. At year end it held assets of $4.5m against liabilities of $1.5m, net assets of $3.0m. It reported 244 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.