Aspiranet

Analysis

Aspiranet is a registered charity in United States, based in S San Fran, CA. It received its IRS tax-exemption ruling in November 1976, 50 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Aspiranet reported income of $90.8m and spending of $86.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $78.3m to $90.8m (+16%), an average of +3.8% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aspiranet sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Supportive Concepts for Families Inc ($90.8m), Aim Services Inc ($90.9m) and Feeding America Eastern Wisconsin Inc ($90.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $1.5m (1.8% of expenses). Other salaries and wages came to $44.7m. It paid $11k in professional fundraising fees. At year end it held assets of $41.8m against liabilities of $20.0m, net assets of $21.8m. It reported 1,122 employees.