Aspen Adult Services

Analysis

Aspen Adult Services is a registered charity in United States, based in Helena, MT. It received its IRS tax-exemption ruling in May 2022, 4 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 December 2023, Aspen Adult Services reported income of $873k and spending of $837k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $873k (+1480%), an average of +1480% a year. The sharpest change came in the year to December 2023, when income rose by 1480%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Aspen Adult Services sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within MT. Charities of a similar size with the same main cause include Friends of the Goss Opera House Inc ($872k), Community Action Development Corp of the Lehigh Valley ($873k) and M-Ark Project Inc ($871k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $50k (6.0% of expenses). Other salaries and wages came to $518k. At year end it held assets of $60k against liabilities of $70k, net assets of -$11k. It reported 46 employees.