Inspire Group Inc

Analysis

Inspire Group Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Inspire Group Inc reported income of $706k and spending of $970k, spending 137% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.4m to $706k (-48%), an average of -20% a year. The sharpest change came in the year to June 2023, when income dropped by 50%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Inspire Group Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Psa Soccer Club Inc ($706k), Minnesota Fastpitch Academy Foundation ($706k) and I Am Volleyball Club Inc ($706k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 97% of the total. Other salaries and wages came to $333k. At year end it held assets of $599k against liabilities of $493k, net assets of $106k. It reported 20 employees.