Aspen Education Foundation

Analysis

Aspen Education Foundation is a registered charity in United States, based in Aspen, CO. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2024, Aspen Education Foundation reported income of $2.4m and spending of $1.9m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.7m to $2.4m (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Aspen Education Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CO. Charities of a similar size with the same main cause include Opportunity Alabama Inc ($2.4m), Centro de Trabajadores Unidos En LA Lucha ($2.5m) and Clarkstown Middlewood Housing Development Fund Company Inc ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $98k (5.2% of expenses). Other salaries and wages came to $130k. At year end it held assets of $4.9m against liabilities of $289, net assets of $4.9m. It reported 3 employees.