Aspire Public Schools

Analysis

Aspire Public Schools is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Aspire Public Schools reported income of $327.0m and spending of $293.3m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $224.6m to $327.0m (+46%), an average of +9.8% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aspire Public Schools 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 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include University of Georgia Research Foundation Inc ($321.0m), Emerson College ($331.8m) and Hillsdale College ($320.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $2.8m (0.9% of expenses). Other salaries and wages came to $153.0m. At year end it held assets of $293.7m against liabilities of $162.6m, net assets of $131.1m. It reported 2,632 employees.