Aspire Public Schools Foundation

Analysis

Aspire Public Schools Foundation is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Aspire Public Schools Foundation reported income of $2.9m and spending of $3.8m, spending 134% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $4.8m to $2.9m (-40%), an average of -22% a year. The sharpest change came in the year to June 2022, when income dropped by 33%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aspire Public Schools Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Minnesota Discovery Center ($2.9m), Walton Academy Inc ($2.9m) and Hindman Settlement School Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $5.7m against liabilities of $3.4m, net assets of $2.3m.