Aspen Grove Foundation

Analysis

Aspen Grove Foundation is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Aspen Grove Foundation reported income of $91k and spending of $114k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $91k (+53%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aspen Grove Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within AZ. Charities of a similar size with the same main cause include Derech Shalom Center Inc ($91k), Jerry Manuel Foundation ($91k) and Hearts & Hands Against Hunger of Hastings ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.