Inspire the Foundation for Education

Analysis

Inspire the Foundation for Education is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Inspire the Foundation for Education reported income of $265k and spending of $7,513, leaving 97% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $26k to $265k (+900%), an average of +216% a year. The sharpest change came in the year to December 2022, when income rose by 562%. Over the whole period it spent 17% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Inspire the Foundation for Education sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include L Ecole de Denver ($265k), Sallie Pat Tackett Scholarship Fund ($265k) and Casa Dei Bambini Montessori School ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $514k against liabilities of $0, net assets of $514k.