Aspire India Inc

Analysis

Aspire India Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, Aspire India Inc reported income of $356k and spending of $238k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $100k to $356k (+255%), an average of +37% a year. The sharpest change came in the year to December 2022, when income rose by 223%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Aspire India Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Our Lady of Fatima Villa Foundation ($356k), Worcester Public Library Foundation ($356k) and Eight Eleven Foundation Inc ($356k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $135k (57% of expenses). At year end it held assets of $434k against liabilities of $19k, net assets of $415k.