Aspa Endowment

Analysis

Aspa Endowment is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1989, 37 years ago. 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, Aspa Endowment reported income of $151k and spending of $77k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $68k to $151k (+123%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 198%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aspa Endowment 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 47th percentile, and in the 25th percentile within DC. Charities of a similar size with the same main cause include Fc4 Inc ($151k), Little League Baseball Inc ($151k) and Robinson Ballet ($151k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% of the total. At year end it held assets of $1.0m against liabilities of $97k, net assets of $945k.