Uaspire Inc

Analysis

Uaspire Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 2013, 13 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 June 2023, Uaspire Inc reported income of $12.3m and spending of $9.1m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.2m to $12.3m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2020, when income rose by 25%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Uaspire Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Lawrence Woodmere Academy ($12.3m), Child Care Resource Center of Cuyahoga County ($12.4m) and Odyssey Charter Schools ($12.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $1.2m (13% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $13.8m against liabilities of $1.1m, net assets of $12.7m. It reported 86 employees.