Inspire Inc

Analysis

Inspire Inc is a registered charity in United States, based in Ada, MN. It received its IRS tax-exemption ruling in August 1976, 50 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 December 2022, Inspire Inc reported income of $1.2m and spending of $718k, leaving 39% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $755k to $1.2m (+55%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Inspire Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Freedom Early Learning Center ($1.2m), Irvine Adult Day Health Services Inc ($1.2m) and Sea Island Comprehensive Health ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 2.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $91k (13% of expenses). Other salaries and wages came to $327k. At year end it held assets of $2.5m against liabilities of $48k, net assets of $2.5m. It reported 45 employees.