Inspiration Labs Inc

Analysis

Inspiration Labs Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Inspiration Labs Inc reported income of $136k and spending of $150k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $136k to $136k (+0.0%), an average of +0.0% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Inspiration Labs Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within FL. Charities of a similar size with the same main cause include Gulf Breeze High School Soccer Boosters ($136k), Los Angeles County Community Development Foundation ($136k) and Public Laboratory for Open Technology and Science Inc ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 6.6% of the total. At year end it held assets of $130k against liabilities of $19k, net assets of $111k.