Inspira Health Foundation Inc

Analysis

Inspira Health Foundation Inc is a registered charity in United States, based in Mullica Hill, NJ. It received its IRS tax-exemption ruling in May 1982, 44 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Inspira Health Foundation Inc reported income of $3.3m and spending of $4.9m, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $3.3m (+118%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 187%. Over the whole period it spent 154% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Inspira Health Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include NCCN Foundation ($3.3m), Bethesda Foundation Inc ($3.3m) and Thomas Oneill Catholic Health Care Fund Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $39.4m against liabilities of $4.4m, net assets of $35.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.