Friends of Aspen Academy

Analysis

Friends of Aspen Academy is a registered charity in United States, based in Savage, MN. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Aspen Academy reported income of $1.3m and spending of $1.6m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.3m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Aspen Academy sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include Hess Academy Inc ($1.3m), To Nizhoni Ani ($1.3m) and Gulfstream Goodwill Career Academy ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $15.9m against liabilities of $18.2m, net assets of -$2.2m.