Inspirational Network Inc

Analysis

Inspirational Network Inc is a registered charity in United States, based in Indian Land, SC. It received its IRS tax-exemption ruling in November 1994, 32 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, Inspirational Network Inc reported income of $43.3m and spending of $32.3m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $41.0m to $43.3m (+5.5%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Inspirational Network Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include Answers in Genesis Inc ($42.1m), Awakening Foundation ($43.5m) and Cityteam Ministries ($41.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $1.4m (4.3% of expenses). Other salaries and wages came to $7.8m. At year end it held assets of $327.4m against liabilities of $45.2m, net assets of $282.2m. It reported 110 employees.