Great Aspirations Scholarship Program Inc

Analysis

Great Aspirations Scholarship Program Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in March 1983, 43 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, Great Aspirations Scholarship Program Inc reported income of $2.3m and spending of $2.0m, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $2.3m (+53%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Great Aspirations Scholarship Program Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include Valley Inquiry Charter School ($2.3m), Ignatian Solidarity Network Inc ($2.3m) and Bci Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 19% of the total. Other salaries and wages came to $964k. It paid $4,400 in professional fundraising fees. At year end it held assets of $5.0m against liabilities of $237k, net assets of $4.8m. It reported 89 employees.