Aspire Group Inc

Analysis

Aspire Group Inc is a registered charity in United States, based in Broken Arrow, OK. It received its IRS tax-exemption ruling in October 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Aspire Group Inc reported income of $547k and spending of $546k, spending 100% of its income. Across the 3 years on record, from June 2020 to June 2023, income grew from $380k to $547k (+44%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 66%. Over the whole period it spent 131% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aspire Group Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within OK. Charities of a similar size with the same main cause include Freedom Center for Independent Living ($547k), Maine School of Science and Mathematics Foundation ($547k) and Mathematical Staircase ($547k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.9% and program service revenue 92% of the total. Other salaries and wages came to $372k. At year end it held assets of $549k against liabilities of $546k, net assets of $3,124.