Aspire Movement Inc

Analysis

Aspire Movement Inc is a registered charity in United States, based in Hoover, AL. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Aspire Movement Inc reported income of $402k and spending of $573k, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $291k to $402k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 103% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Aspire Movement Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within AL. Charities of a similar size with the same main cause include James B Washington Education and Sports Inc ($401k), Butterfly Effect Project Inc ($402k) and Freedom Hoops ($401k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $146k (25% of expenses). Other salaries and wages came to $199k. At year end it held assets of $54k against liabilities of $135, net assets of $54k. It reported 7 employees.