Aspire Charter Academy Inc
Aspire Charter Academy Inc. consistently operates with balanced budgets and reports no officer compensation.
EIN: 205919412 · Gary, IN · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.4M |
| Total Expenses | $9.9M |
| Program Spending | 90% |
| Net Assets | $122K |
| Transparency Score | 90/100 |
Is Aspire Charter Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Aspire Charter Academy Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Aspire Charter Academy Inc
Aspire Charter Academy Inc (EIN: 205919412) is a nonprofit organization based in Gary, IN, classified under NTEE code B29. The organization reported total revenue of $11.4M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aspire Charter Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aspire Charter Academy Inc is a large nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.9M |
| Total Expenses | $9.9M |
| Surplus / Deficit | $-11,414 |
| Total Assets | $1.2M |
| Total Liabilities | $1.1M |
| Net Assets | $122K |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 89.6% |
| Months of Reserves | 1.4 months |
Financial Health Grade: D
In 2023, Aspire Charter Academy Inc reported a deficit of $11K with expenses exceeding revenue, holds 1.4 months of operating reserves (limited), has a debt-to-asset ratio of 89.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Aspire Charter Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.0% | +14.3% | -64.2% |
| 2022 | +10.7% | +9.5% | +18.1% |
| 2021 | +8.0% | +8.2% | +59.3% |
| 2020 | -6.0% | -6.4% | +13.1% |
| 2019 | +2.0% | +2.1% | +43.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Aspire Charter Academy Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Aspire Charter Academy Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 89.6%.
Executive Compensation Analysis
Aspire Charter Academy Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size and revenue, suggesting a volunteer leadership model or that compensation is reported differently.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Aspire Charter Academy Inc's IRS 990 filings:
- Significant fluctuation in assets year-over-year without clear explanation in provided data (e.g., $3.29M in 2022 to $1.18M in 2023)
- Lack of detailed functional expense breakdown in provided data makes it difficult to fully assess spending efficiency beyond top-line figures.
Strengths
The following positive indicators were identified for Aspire Charter Academy Inc:
- Consistent balanced budget management, with revenues closely matching expenses.
- Zero reported officer compensation across all filings, indicating a strong commitment to mission-focused spending.
- Steady revenue growth over the years, from $7.17M in 2016 to $9.85M in 2023 (excluding latest revenue figure of $11.4M which is not tied to a specific filing period in the history).
Frequently Asked Questions about Aspire Charter Academy Inc
Is Aspire Charter Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Aspire Charter Academy Inc (EIN: 205919412) some concerns. Mission Score: 90/100. 2 red flags identified, 3 strengths noted.
How does Aspire Charter Academy Inc spend its money?
Aspire Charter Academy Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Aspire Charter Academy Inc tax-deductible?
Aspire Charter Academy Inc is registered as a tax-exempt nonprofit (EIN: 205919412). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Aspire Charter Academy Inc's spending goes to programs?
Aspire Charter Academy Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Aspire Charter Academy Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Aspire Charter Academy Inc is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Aspire Charter Academy Inc located?
Aspire Charter Academy Inc is headquartered in Gary, Indiana and files with the IRS under EIN 205919412. It is classified under NTEE code B29.
How many years of IRS 990 filings does Aspire Charter Academy Inc have?
Aspire Charter Academy Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $11.4M in total revenue.
Is Aspire Charter Academy Inc. a good charity?
Based on the provided financial data, Aspire Charter Academy Inc. appears to be a well-managed organization with a strong commitment to its mission, evidenced by its balanced budgets and zero reported officer compensation. This suggests a high proportion of funds are likely directed towards its programs.
How does Aspire Charter Academy Inc. manage its budget?
The organization consistently manages its budget very tightly, with revenues closely matching expenses year over year. For example, in 2023, revenue was $9,855,347 and expenses were $9,866,761, indicating a focus on spending what it earns to fulfill its mission.
What is the trend in Aspire Charter Academy Inc.'s assets?
Aspire Charter Academy Inc.'s assets have fluctuated, showing growth from $358,540 in 2016 to a peak of $3,292,325 in 2022, before decreasing to $1,178,130 in 2023. This fluctuation could be due to asset acquisitions, depreciation, or changes in reporting.
Filing History
IRS 990 filing history for Aspire Charter Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Aspire Charter Academy Inc's revenue has grown by 56.7%, moving from $6.3M to $9.9M. Total assets decreased by 56.3% over the same period, from $2.7M to $1.2M. Total functional expenses rose by 56.8%, from $6.3M to $9.9M. In its most recent filing year (2023), Aspire Charter Academy Inc reported a deficit of $11K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $1.2M in assets (debt-to-asset ratio: 89.6%), resulting in net assets of $122K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.9M | $9.9M | $1.2M | $1.1M | — | View 990 |
| 2022 | $8.7M | $8.6M | $3.3M | $3.2M | — | View 990 |
| 2021 | $7.9M | $7.9M | $2.8M | $2.7M | — | View 990 |
| 2020 | $7.3M | $7.3M | $1.7M | $1.7M | — | View 990 |
| 2019 | $7.8M | $7.8M | $1.5M | $1.5M | — | View 990 |
| 2018 | $7.6M | $7.6M | $1.1M | $999K | — | View 990 |
| 2017 | $7.4M | $7.4M | $922K | $825K | — | View 990 |
| 2016 | $7.2M | $7.2M | $359K | $240K | — | View 990 |
| 2015 | $7.4M | $7.4M | $3.0M | $2.9M | — | View 990 |
| 2014 | $7.3M | $7.3M | $2.9M | $2.7M | — | View 990 |
| 2013 | $6.3M | $6.2M | $3.0M | $2.8M | — | View 990 |
| 2012 | $6.9M | $6.9M | $3.0M | $2.9M | — | View 990 |
| 2011 | $6.3M | $6.3M | $2.7M | $2.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.9M, expenses of $9.9M, and assets of $1.2M (revenue +13.0% year-over-year).
- 2022: Revenue of $8.7M, expenses of $8.6M, and assets of $3.3M (revenue +10.7% year-over-year).
- 2021: Revenue of $7.9M, expenses of $7.9M, and assets of $2.8M (revenue +8.0% year-over-year).
- 2020: Revenue of $7.3M, expenses of $7.3M, and assets of $1.7M (revenue -6.0% year-over-year).
- 2019: Revenue of $7.8M, expenses of $7.8M, and assets of $1.5M (revenue +2.0% year-over-year).
- 2018: Revenue of $7.6M, expenses of $7.6M, and assets of $1.1M (revenue +2.7% year-over-year).
- 2017: Revenue of $7.4M, expenses of $7.4M, and assets of $922K (revenue +3.3% year-over-year).
- 2016: Revenue of $7.2M, expenses of $7.2M, and assets of $359K (revenue -3.2% year-over-year).
- 2015: Revenue of $7.4M, expenses of $7.4M, and assets of $3.0M (revenue +1.9% year-over-year).
- 2014: Revenue of $7.3M, expenses of $7.3M, and assets of $2.9M (revenue +16.3% year-over-year).
- 2013: Revenue of $6.3M, expenses of $6.2M, and assets of $3.0M (revenue -9.3% year-over-year).
- 2012: Revenue of $6.9M, expenses of $6.9M, and assets of $3.0M (revenue +9.6% year-over-year).
- 2011: Revenue of $6.3M, expenses of $6.3M, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aspire Charter Academy Inc:
Data Sources and Methodology
This transparency report for Aspire Charter Academy Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.