Inspire ND Inc

Analysis

Inspire ND Inc is a registered charity in United States, based in Kingwood, TX. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Inspire ND Inc reported income of $934k and spending of $1.2m, spending 129% of what it took in. Across the 5 years on record, from July 2020 to December 2023, income fell from $3.9m to $934k (-76%), an average of -30% a year. The sharpest change came in the year to December 2023, when income rose by 256%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Inspire ND Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Upper Valley Teacher Training Program Incorporated ($934k), Fathers House Christian Center ($934k) and Heritage Academy Inc ($934k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $138k (11% of expenses). Other salaries and wages came to $544k. At year end it held assets of $7.5m against liabilities of $1.9m, net assets of $5.5m.