Aspiring to Serve Inc

Analysis

Aspiring to Serve Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Aspiring to Serve Inc reported income of $177k and spending of $4,727, leaving 97% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $41k to $177k (+328%), an average of +44% a year. The sharpest change came in the year to December 2022, when income dropped by 153%. Over the whole period it spent 6.6% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aspiring to Serve Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within MD. Charities of a similar size with the same main cause include Santa Cause Inc ($177k), Star Center Foundation ($177k) and Belpre Area Ministries Inc ($177k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $1.4m against liabilities of $1.1m, net assets of $358k.