Inspiring Philosophy Ministries

Analysis

Inspiring Philosophy Ministries is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in November 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, Inspiring Philosophy Ministries reported income of $240k and spending of $187k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $129k to $240k (+87%), an average of +87% a year. The sharpest change came in the year to December 2023, when income rose by 87%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Inspiring Philosophy Ministries sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within AZ. Charities of a similar size with the same main cause include Quiet Waters Ministries Inc ($240k), Rock Creek Youth Camp Inc ($240k) and Gate Breaker Ministries Corp ($240k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $66k (35% of expenses). At year end it held assets of $74k against liabilities of $0, net assets of $74k. It reported 1 employees.