Quick charity verification for Aspire Inc (EIN: 133430888)
Verdict: Aspire Inc appears trustworthy
92/100Mission Score
$436KRevenue
$39KAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in multiple recent years (e.g., $393,446 expenses vs. $377,354 revenue in 2023), indicating potential for operational deficits if not managed.
Strengths
Consistent 0% officer compensation across all 13 filings, demonstrating a strong commitment to program spending.
Significant and consistent revenue growth over the past decade, from $71,596 in 2014 to $377,354 in 2023.
Long history of IRS 990 filings (13 filings), indicating strong transparency and accountability.
Assets generally exceed liabilities, showing a stable financial foundation (e.g., $32,437 assets vs. $20,948 liabilities in 2023).
Spending Breakdown
How Aspire Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Aspire Inc
Is Aspire Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Aspire Inc (EIN: 133430888) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
Is Aspire Inc a good charity to donate to?
Aspire Inc has a Mission Score of 92/100. Revenue: $436K. Assets: $39K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Aspire Inc?
The Employer Identification Number (EIN) for Aspire Inc is 133430888. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Aspire Inc spend its money?
Aspire Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Aspire Inc's tax-exempt status?
You can verify Aspire Inc's tax-exempt status using EIN 133430888 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Aspire Inc. demonstrates a pattern of consistent growth in revenue and expenses over the past decade, with a notable surge in recent years, reaching $377,354 in revenue in 2023. The organization generally operates with a lean financial structure, as indicated by its relatively low asset base of $32,437 in 2023 compared to its annual revenue. While the organization has experienced periods where expenses slightly exceeded revenue, such as in 2023 ($393,446 expenses vs. $377,354 revenue), these deficits appear manageable given its overall financial trajectory. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards its mission rather than executive salaries, enhancing its transparency and public trust.
Spending efficiency is a key strength, with no reported officer compensation, implying that a significant portion of its operational budget is likely allocated to program services. The organization's liabilities have fluctuated but remained within reasonable bounds relative to its assets and revenue, indicating prudent financial management. The consistent filing of IRS Form 990s over 13 periods further underscores its commitment to transparency and accountability, providing a clear historical record of its financial activities. This consistent reporting, combined with the absence of executive compensation, paints a picture of a financially responsible and mission-driven organization.
Overall, Aspire Inc. appears to be in a healthy financial position, characterized by growth, efficient spending practices, and a high degree of transparency. Its ability to manage increasing revenues and expenses while maintaining a low overhead for executive salaries is commendable. The organization's financial health is supported by its sustained operational activity and its clear dedication to its stated purpose, as evidenced by its financial disclosures.