Aspect Foundation Inc

Analysis

Aspect Foundation Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in January 1988, 38 years ago. 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 September 2023, Aspect Foundation Inc reported income of $2.0m and spending of $2.9m, spending 142% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.2m to $2.0m (-35%), an average of -10% a year. The sharpest change came in the year to September 2021, when income rose by 196%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aspect Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include The Triad Health Project ($2.0m), The Wayside Inn ($2.0m) and The Noel Pointer Foundation Inc ($2.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 30% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $282k (9.7% of expenses). Other salaries and wages came to $465k. At year end it held assets of $6.0m against liabilities of $494k, net assets of $5.5m. It reported 13 employees.