Aspire Higher Foundation Inc

Analysis

Aspire Higher Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Higher Foundation Inc reported income of $736k and spending of $296k, leaving 60% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $539k to $736k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 29% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aspire Higher Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within IN. Charities of a similar size with the same main cause include Salzburg Festival Society Inc ($736k), Hispanic Alliance for the Performing Arts ($736k) and Woodlands Trust for Historic Preservation ($736k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. It paid $20k in professional fundraising fees. At year end it held assets of $1.5m against liabilities of $387k, net assets of $1.1m.