Inspirenola Charter Schools

Analysis

Inspirenola Charter Schools is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in June 2013, 13 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, Inspirenola Charter Schools reported income of $106.8m and spending of $93.7m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $53.6m to $106.8m (+99%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Inspirenola Charter Schools sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within LA. Charities of a similar size with the same main cause include Westmont College ($106.5m), Ips Enterprises Inc ($107.1m) and The Early Learning Coalition of Southwest Florida Inc ($106.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $822k (0.9% of expenses). Other salaries and wages came to $44.5m. At year end it held assets of $42.5m against liabilities of $8.1m, net assets of $34.4m. It reported 1,090 employees.