Aspire Inc

Analysis

Aspire Inc is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in September 1985, 41 years ago. 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 Inc reported income of $207k and spending of $319k, spending 154% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $233k to $207k (-11%), an average of -2.9% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aspire Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 48th percentile within ND. Charities of a similar size with the same main cause include Facility Committee ($207k), Hamilton County Historical Society Inc ($207k) and Somebody Cares ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. At year end it held assets of $445k against liabilities of $112k, net assets of $333k.