Inspiration Corporation

Analysis

Inspiration Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Inspiration Corporation reported income of $5.0m and spending of $4.8m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $5.0m (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Inspiration Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Rockwall County Helping Hands ($5.0m), Concerned Home Managers for the Elderly Inc ($5.0m) and Creative Support ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $464k (9.6% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $3.6m against liabilities of $600k, net assets of $3.0m. It reported 58 employees.