Aspire Institute Inc

Analysis

Aspire Institute Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Institute Inc reported income of $572k and spending of $1.6m, spending 282% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $170k to $572k (+236%), an average of +83% a year. The sharpest change came in the year to December 2022, when income rose by 1871%. Over the whole period it spent 64% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Aspire Institute Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Medical Education Cooperation with Cuba ($571k), Earth Ways Foundation Inc ($572k) and American Friends of Nehora Inc ($571k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $255k (16% of expenses). Other salaries and wages came to $646k. At year end it held assets of $1.6m against liabilities of $145k, net assets of $1.5m. It reported 17 employees.