Inspire Aviation

Analysis

Inspire Aviation is a registered charity in United States, based in Wadsworth, OH. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Inspire Aviation reported income of $242k and spending of $239k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $159k to $242k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Inspire Aviation sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within OH. Charities of a similar size with the same main cause include Greater Atlanta Economic Alliance ($242k), Oregon Acte Inc ($242k) and Squirrel Hill Urban Coalition Inc ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. At year end it held assets of $97k against liabilities of $0, net assets of $97k.