Incspire Inc

Analysis

Incspire Inc is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Incspire Inc reported income of $73k and spending of $42k, leaving 42% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $56k to $73k (+29%), an average of +29% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Incspire Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within VA. Charities of a similar size with the same main cause include Urban Jobs Task Force of Syracuse Inc ($73k), The Greater Hunts Point Economic Development Corporation ($73k) and Agape Love in Action Inc ($73k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 49% of the total. At year end it held assets of $38k against liabilities of $11k, net assets of $27k.