Aspire for Humanity Initiatives

Analysis

Aspire for Humanity Initiatives is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Aspire for Humanity Initiatives reported income of $173k and spending of $174k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $163k to $173k (+6.0%), an average of +6.0% a year. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Aspire for Humanity Initiatives sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 43rd percentile within ME. Charities of a similar size with the same main cause include For Good PGH ($173k), Central Coast Economic Forecast ($173k) and Center for Community Based Enterprise Inc ($173k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $19 against liabilities of $0, net assets of $19.