Inspire Inc

Analysis

Inspire Inc is a registered charity in United States, based in Prides Xing, MA. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Inspire Inc reported income of $62k and spending of $89k, spending 142% of what it took in. Across the 2 years on record, from April 2022 to April 2023, income fell from $75k to $62k (-17%), an average of -17% a year. The sharpest change came in the year to April 2023, when income dropped by 17%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Inspire Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 33rd percentile within MA. Charities of a similar size with the same main cause include Trinity College of Louisville Inc ($62k), STEM Academy Home & School Association ($62k) and Coldwater American Amateur Baseball Congress Federation ($62k).

On its Form 990-EZ for the period ending April 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $260k against liabilities of $3,412, net assets of $257k.