Inspire Brands Foundation Inc

Analysis

Inspire Brands Foundation Inc is a registered charity in United States, based in Sandy Springs, GA. It received its IRS tax-exemption ruling in September 1986, 40 years ago. 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, Inspire Brands Foundation Inc reported income of $17.5m and spending of $17.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.8m to $17.5m (+62%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Inspire Brands Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Unite America Institute Inc ($17.5m), National Association of College and ($17.5m) and The Arc of Hunterdon County Inc ($17.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $276k (1.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $16.9m against liabilities of $2.2m, net assets of $14.7m. It reported 12 employees.