Aspire Performance Academy of the Arts Inc

Analysis

Aspire Performance Academy of the Arts Inc is a registered charity in United States, based in Brigham City, UT. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Aspire Performance Academy of the Arts Inc reported income of $142k and spending of $125k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $308k to $142k (-54%), an average of -54% a year. The sharpest change came in the year to December 2023, when income dropped by 54%. Over the whole period it spent 55% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aspire Performance Academy of the Arts Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within UT. Charities of a similar size with the same main cause include Cincinnati Music & Wellness Coalition ($142k), Castle Theatre Inc ($142k) and Villagers Inc ($142k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 68% of the total. At year end it held assets of $238k against liabilities of $29k, net assets of $209k.