High Aspirations Foundation Inc
High Aspirations Foundation Inc shows strong revenue growth and asset accumulation with no reported liabilities.
EIN: 141890863 · Atlanta, GA · NTEE: P30 · Updated: 2026-03-28
Is High Aspirations Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
High Aspirations Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About High Aspirations Foundation Inc
High Aspirations Foundation Inc (EIN: 141890863) is a nonprofit organization based in Atlanta, GA, classified under NTEE code P30. The organization reported total revenue of $154K and total assets of $258K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of High Aspirations Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
High Aspirations Foundation Inc is a small nonprofit that has been operating for 5 years, with 5 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $154K |
| Total Expenses | $137K |
| Surplus / Deficit | +$17K |
| Total Assets | $258K |
| Net Assets | $258K |
| Operating Margin | 11.2% |
| Months of Reserves | 22.6 months |
Financial Health Grade: A
In 2023, High Aspirations Foundation Inc reported a surplus of $17K with revenue exceeding expenses, holds 22.6 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2017–2023), High Aspirations Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1338.9% | +538.1% | +93.8% |
| 2020 | -84.1% | -72.4% | -7.5% |
| 2019 | -26.8% | +18.3% | -6.6% |
| 2018 | +11.2% | -9.9% | +20.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2021 |
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 High Aspirations Foundation Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, High Aspirations Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 surplus of $17K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is likely volunteer-based or compensated through non-officer channels, which is a positive sign for donor trust and resource allocation.
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.
Strengths
The following positive indicators were identified for High Aspirations Foundation Inc:
- Strong revenue growth from $10,736 (202012) to $154,480 (202312).
- Consistent asset growth from $127,643 (201712) to $258,394 (202312).
- Zero reported liabilities across all filings, indicating sound financial management.
- 0% officer compensation reported, suggesting volunteer leadership or highly efficient compensation structures.
- Positive net income in the latest period ($154,480 revenue vs. $137,181 expenses in 202312).
Frequently Asked Questions about High Aspirations Foundation Inc
Is High Aspirations Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, High Aspirations Foundation Inc (EIN: 141890863) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does High Aspirations Foundation Inc spend its money?
High Aspirations Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to High Aspirations Foundation Inc tax-deductible?
High Aspirations Foundation Inc is registered as a tax-exempt nonprofit (EIN: 141890863). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is High Aspirations Foundation Inc a good charity?
Based on the available data, High Aspirations Foundation Inc appears to be a good charity. It demonstrates strong financial health with growing revenue and assets, no reported liabilities, and a commendable 0% officer compensation, suggesting efficient use of funds for its mission.
How has the organization's revenue changed over time?
The organization has shown significant revenue growth, increasing from $10,736 in 202012 to $154,480 in 202312, indicating expanding support and activity.
Does High Aspirations Foundation Inc have any debt?
No, the organization consistently reports $0 in liabilities across all available IRS 990 filings, indicating it operates debt-free.
What is the trend in the organization's assets?
The organization's assets have shown a consistent upward trend, growing from $127,643 in 201712 to $258,394 in 202312, reflecting strong financial accumulation.
Filing History
IRS 990 filing history for High Aspirations Foundation Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2017–2023), High Aspirations Foundation Inc's revenue has grown by 86%, moving from $83K to $154K. Total assets increased by 102.4% over the same period, from $128K to $258K. Total functional expenses rose by 87.8%, from $73K to $137K. In its most recent filing year (2023), High Aspirations Foundation Inc reported a surplus of $17K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $154K | $137K | $258K | $0 | — | — |
| 2020 | $11K | $22K | $133K | $0 | — | — |
| 2019 | $68K | $78K | $144K | $0 | — | — |
| 2018 | $92K | $66K | $154K | $0 | — | — |
| 2017 | $83K | $73K | $128K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $154K, expenses of $137K, and assets of $258K (revenue +1338.9% year-over-year).
- 2020: Revenue of $11K, expenses of $22K, and assets of $133K (revenue -84.1% year-over-year).
- 2019: Revenue of $68K, expenses of $78K, and assets of $144K (revenue -26.8% year-over-year).
- 2018: Revenue of $92K, expenses of $66K, and assets of $154K (revenue +11.2% year-over-year).
- 2017: Revenue of $83K, expenses of $73K, and assets of $128K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for High Aspirations Foundation Inc:
Data Sources and Methodology
This transparency report for High Aspirations Foundation 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.