The Aspen Effect Inc

Analysis

The Aspen Effect Inc is a registered charity in United States, based in Castle Rock, CO. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Aspen Effect Inc reported income of $183k and spending of $207k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $183k (+192%), an average of +192% a year. The sharpest change came in the year to December 2023, when income rose by 192%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Aspen Effect Inc 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 52nd percentile, and in the 48th percentile within CO. Charities of a similar size with the same main cause include United Through Education ($183k), Camp Parc ($183k) and TLC Foundation Inc ($183k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $119k (58% of expenses). Other salaries and wages came to $35k. At year end it held assets of $101k against liabilities of $82k, net assets of $19k. It reported 2 employees.