Inspire Charter Academy Inc

Analysis

Inspire Charter Academy Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in January 2012, 14 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 June 2023, Inspire Charter Academy Inc reported income of $9.3m and spending of $9.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.6m to $9.3m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Inspire Charter Academy Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within LA. Charities of a similar size with the same main cause include Klepinger Community School ($9.3m), Pinellas Preparatory Academy Inc ($9.3m) and Digital Green Foundation ($9.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.3% of the total. Other salaries and wages came to $3.5m. At year end it held assets of $1.3m against liabilities of $1.3m, net assets of $66k.