Project Inspire Inc

Analysis

Project Inspire Inc is a registered charity in United States, based in Clifton, NJ. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, Project Inspire Inc reported income of $4.1m and spending of $4.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $4.1m (+7.7%), an average of +1.9% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Project Inspire Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Mary R Gallaspy Charitable Trust No One ($4.1m), Swaminarayan Aksharpith Inc ($4.1m) and Community Development for All People ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $238k (6.0% of expenses). Other salaries and wages came to $532k. At year end it held assets of $180k against liabilities of $463k, net assets of -$283k. It reported 16 employees.