Inspire Academics Inc

Analysis

Inspire Academics Inc is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Inspire Academics Inc reported income of $13.3m and spending of $12.4m, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.1m to $13.3m (+87%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 69%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Inspire Academics Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 98th percentile within ID. Charities of a similar size with the same main cause include Trinity Episcopal School ($13.3m), Tulsa Honor Academy ($13.3m) and Instituto Modelo Ensenanza Individualizada Inc ($13.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $3.8m. At year end it held assets of $5.2m against liabilities of $3.7m, net assets of $1.5m. It reported 66 employees.