Rural Aspirations Project

Analysis

Rural Aspirations Project is a registered charity in United States, based in Swanville, ME. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Rural Aspirations Project reported income of $364k and spending of $398k, spending 110% of what it took in. Across the 6 years on record, from January 2019 to December 2023, income grew from $238k to $364k (+53%), an average of +8.8% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rural Aspirations Project sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 60th percentile within ME. Charities of a similar size with the same main cause include Marion & Jasper Whiting Foundation ($364k), University Club Foundation ($364k) and Impact Bay Area ($364k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $83k (21% of expenses). Other salaries and wages came to $149k. At year end it held assets of $274k against liabilities of $7,356, net assets of $267k. It reported 5 employees.