Aspire Foundation Inc

Analysis

Aspire Foundation Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2022, Aspire Foundation Inc reported income of $181k and spending of $200k, spending 111% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $96k to $181k (+89%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 71%. Over the whole period it spent 106% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Aspire Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Living Works ($181k), Friends of the Cascade-Siskiyou National Monument ($181k) and Board Room Chess Inc ($181k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $949k against liabilities of $847k, net assets of $102k.