High Aspirations Incorporated

Analysis

High Aspirations Incorporated is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, High Aspirations Incorporated reported income of $1.3m and spending of $657k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $772k to $1.3m (+67%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 51% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, High Aspirations Incorporated sits at the 78th 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 80th percentile within MO. Charities of a similar size with the same main cause include Wood County Agricultural Society ($1.3m), Hogar Mis Primeros Pasos Inc ($1.3m) and Rise Memphis Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $158k (24% of expenses). At year end it held assets of $3.9m against liabilities of $14k, net assets of $3.9m. It reported 9 employees.