Inspirica Inc

Analysis

Inspirica Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in July 1987, 39 years ago. 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 June 2023, Inspirica Inc reported income of $8.4m and spending of $9.5m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.5m to $8.4m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Inspirica Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include Southern Maryland Tri-County Community Action Committee Inc ($8.4m), Community Action Stops Abuse Inc ($8.4m) and Clara Welty Test TR Fbo Welty Home for the Aged Inc ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $360k (3.8% of expenses). Other salaries and wages came to $4.3m. It paid $65k in professional fundraising fees. At year end it held assets of $36.0m against liabilities of $7.2m, net assets of $28.8m. It reported 125 employees.