Aspire Foundation Inc

Analysis

Aspire Foundation Inc is a registered charity in United States, based in Aberdeen, SD. It received its IRS tax-exemption ruling in June 1989, 37 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, Aspire Foundation Inc reported income of $129k and spending of $44k, leaving 66% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $102k to $129k (+26%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 36% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aspire Foundation Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 39th percentile within SD. Charities of a similar size with the same main cause include Military Missions Inc ($129k), M Club Foundation University of Maryland Inc ($129k) and Maryland House and Garden Pilgrimage Inc ($129k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 0.1% of the total. Other salaries and wages came to $31k. At year end it held assets of $570k against liabilities of $0, net assets of $570k.