Aspirekids

Analysis

Aspirekids is a registered charity in United States, based in Diamond SPGS, CA. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Aspirekids reported income of $64k and spending of $61k, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $56k to $64k (+15%), an average of +4.7% a year. The sharpest change came in the year to December 2022, when income rose by 93%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Aspirekids sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Friends of Carlisle Council on Aging Inc ($64k), Muslim Volunteers for New York ($64k) and Glades Electric Charitable Trust Inc ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.