Aspire Inc
Aspire Inc. shows consistent revenue growth and no executive compensation, but expenses slightly exceeded revenue in 2023.
EIN: 133430888 · Emerson, NJ · NTEE: P33Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $436K |
| Total Expenses | $393K |
| Program Spending | 90% |
| Net Assets | $11K |
| Transparency Score | 92/100 |
Is Aspire Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Aspire Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Aspire Inc
Aspire Inc (EIN: 133430888) is a nonprofit organization based in Emerson, NJ, classified under NTEE code P33Z. The organization reported total revenue of $436K and total assets of $39K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aspire Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aspire Inc is a small nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $377K |
| Total Expenses | $393K |
| Surplus / Deficit | $-16,092 |
| Total Assets | $32K |
| Total Liabilities | $21K |
| Net Assets | $11K |
| Operating Margin | -4.3% |
| Debt-to-Asset Ratio | 64.6% |
| Months of Reserves | 1.0 months |
Financial Health Grade: D
In 2023, Aspire Inc reported a deficit of $16K with expenses exceeding revenue, holds 1.0 months of operating reserves (limited), has a debt-to-asset ratio of 64.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Aspire Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.9% | +49.8% | -7.3% |
| 2022 | +126.5% | +114.7% | +28.7% |
| 2021 | +81.0% | +14.3% | +6267.4% |
| 2020 | -65.7% | -42.3% | -95.7% |
| 2019 | +16.1% | +5.7% | +178.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Inc with a Mission Score of 92 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Aspire Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 64.6%.
Executive Compensation Analysis
Aspire Inc. consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for an organization of its size and revenue growth.
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 Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Aspire Inc:
- 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).
Frequently Asked Questions about Aspire Inc
Is Aspire Inc a legitimate charity?
Aspire Inc (EIN: 133430888) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $436K. 1 red flag identified. 4 strengths noted. Financial health grade: D.
How does Aspire Inc spend its money?
Aspire Inc directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Aspire Inc tax-deductible?
Aspire Inc is registered as a tax-exempt nonprofit (EIN: 133430888). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Aspire Inc's spending goes to programs?
Aspire Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Aspire Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Aspire Inc is above average for NTEE category P33Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Aspire Inc located?
Aspire Inc is headquartered in Emerson, New Jersey and files with the IRS under EIN 133430888. It is classified under NTEE code P33Z.
How many years of IRS 990 filings does Aspire Inc have?
Aspire 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 $436K in total revenue.
Is Aspire Inc. a good charity?
Based on the available data, Aspire Inc. appears to be a good charity. It demonstrates strong financial transparency with 13 years of 990 filings, consistent revenue growth, and a notable commitment to its mission by reporting 0% officer compensation across all periods.
How has Aspire Inc.'s revenue grown over time?
Aspire Inc. has shown significant revenue growth, increasing from $71,596 in 2014 to $377,354 in 2023, with a peak of $436,487 in its latest reported period, indicating strong fundraising and operational expansion.
What is Aspire Inc.'s approach to executive compensation?
Aspire Inc. has a highly efficient approach to executive compensation, consistently reporting 0% officer compensation in all available IRS 990 filings, meaning all reported officers receive no salary from the organization.
Did Aspire Inc. operate at a deficit in recent years?
Yes, Aspire Inc. operated at a slight deficit in 2023, with expenses of $393,446 exceeding revenue of $377,354. It also had minor deficits in 2023, 2021, 2020, 2018, and 2017.
How do Aspire Inc.'s assets compare to its liabilities?
In 2023, Aspire Inc. had assets of $32,437 and liabilities of $20,948, indicating a healthy financial position where assets comfortably exceed liabilities. This trend is generally consistent across most years, though liabilities were higher than assets in 2020.
Filing History
IRS 990 filing history for Aspire Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Aspire Inc's revenue has grown by 384.5%, moving from $78K to $377K. Total assets increased by 4048% over the same period, from $782 to $32K. Total functional expenses rose by 410.5%, from $77K to $393K. In its most recent filing year (2023), Aspire Inc reported a deficit of $16K, with expenses exceeding revenue. The organization holds $21K in liabilities against $32K in assets (debt-to-asset ratio: 64.6%), resulting in net assets of $11K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $377K | $393K | $32K | $21K | — | — |
| 2022 | $272K | $263K | $35K | $7K | — | View 990 |
| 2021 | $120K | $122K | $27K | $9K | — | View 990 |
| 2020 | $66K | $107K | $427 | $33K | — | View 990 |
| 2019 | $193K | $185K | $10K | $2K | — | View 990 |
| 2018 | $166K | $175K | $4K | $3K | — | View 990 |
| 2017 | $152K | $156K | $13K | $3K | — | View 990 |
| 2016 | $109K | $105K | $16K | $3K | — | View 990 |
| 2015 | $92K | $92K | $11K | $2K | — | View 990 |
| 2014 | $72K | $67K | $11K | $2K | — | View 990 |
| 2013 | $57K | $57K | $4K | $469 | — | View 990 |
| 2012 | $70K | $61K | $5K | $1K | — | View 990 |
| 2011 | $78K | $77K | $782 | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $377K, expenses of $393K, and assets of $32K (revenue +38.9% year-over-year).
- 2022: Revenue of $272K, expenses of $263K, and assets of $35K (revenue +126.5% year-over-year).
- 2021: Revenue of $120K, expenses of $122K, and assets of $27K (revenue +81.0% year-over-year).
- 2020: Revenue of $66K, expenses of $107K, and assets of $427 (revenue -65.7% year-over-year).
- 2019: Revenue of $193K, expenses of $185K, and assets of $10K (revenue +16.1% year-over-year).
- 2018: Revenue of $166K, expenses of $175K, and assets of $4K (revenue +9.2% year-over-year).
- 2017: Revenue of $152K, expenses of $156K, and assets of $13K (revenue +40.1% year-over-year).
- 2016: Revenue of $109K, expenses of $105K, and assets of $16K (revenue +18.8% year-over-year).
- 2015: Revenue of $92K, expenses of $92K, and assets of $11K (revenue +27.9% year-over-year).
- 2014: Revenue of $72K, expenses of $67K, and assets of $11K (revenue +24.5% year-over-year).
- 2013: Revenue of $57K, expenses of $57K, and assets of $4K (revenue -18.3% year-over-year).
- 2012: Revenue of $70K, expenses of $61K, and assets of $5K (revenue -9.7% year-over-year).
- 2011: Revenue of $78K, expenses of $77K, and assets of $782.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aspire Inc:
Data Sources and Methodology
This transparency report for Aspire 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.