Aspire Scholarship

Analysis

Aspire Scholarship is a registered charity in United States, based in Englewood, CO. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Scholarship reported income of $121k and spending of $130k, spending 108% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $160k to $121k (-24%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aspire Scholarship sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 38th percentile within CO. Charities of a similar size with the same main cause include Bennett & Donna Yanowitz Family Foundation ($121k), PTA California Congress of Parents Teachers & Students Inc ($121k) and Metamorphosis Womens Empowerment I ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.