Overview

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Est.

2021

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

Aspire Institute Inc, a nonprofit organization with an EIN of 87-0960615, focuses on empowering low-income and first-generation college students and recent graduates through its tuition-free, online Aspire Leaders Program. With an operating budget of $1.7 million and total revenue of $1.5 million for the 2024 filing year, Aspire fosters resilience, cultural awareness, and leadership skills to enable participants to create meaningful change in their communities. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit www.aspireleaders.org.

Mission Statement

Aspire's mission is to empower low-income and first-generation college students and recent graduates to act independently, make informed choices, and affect meaningful change. Through the tuition-free, online Aspire Leaders Program, participants develop resilience, cultural awareness, and leadership skills to help them navigate challenges and embrace opportunities in education, careers, and life. By fostering confidence, self-efficacy, and collaboration, Aspire equips future leaders to create lasting impacts in their communities and beyond.
Revenues
$1.5M
Expenses
$1.8M
Net Income:
-$267.4K
Assets
$1.3M
Liabilities
$83.9K
Net Assets:
+$1.2M
Operating Budget
$1.7M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
4
Median grant size
$255.5K
Largest grant received
$550K
M
Meena Sonea Hewett
Board Member
K
Karim Lakhani
Board Member
T
Tarun Khanna
Board Member

Frequently Asked Questions

What is Aspire Institute Inc’s budget?
In 2024, Aspire Institute Inc reported an annual operating budget of around $1.7 million. More detailed financial information is available to registered users.
What causes does Aspire Institute Inc support?
Aspire Institute Inc supports work in Forestry and International development.
Where does Aspire Institute Inc operate?
Aspire Institute Inc is headquartered in Cambridge, MA.
Who funded Aspire Institute Inc recently?
In 2025, Aspire Institute Inc received grants from Boston Foundation, Inc, NATIONAL PHILANTHROPIC TRUST, and Claure Family Foundation Inc. More information on this organization’s funders is available to registered users.
What is the largest grant Aspire Institute Inc received in 2024?
The largest grant to Aspire Institute Inc in 2024 exceeds $550 thousand.