Inn of Last Resort Inc

Analysis

Inn of Last Resort Inc is a registered charity in United States, based in Franklin, NC. It received its IRS tax-exemption ruling in March 1973, 53 years ago. 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, Inn of Last Resort Inc reported income of $335k and spending of $551k, spending 165% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $516k to $335k (-35%), an average of -10% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Inn of Last Resort Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Soquel High Fund Inc ($335k), American Gas Foundation ($335k) and North Side High School Alumni Scholarship Foundation ($335k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $155k (28% of expenses). Other salaries and wages came to $80k. At year end it held assets of $1.3m against liabilities of $8,000, net assets of $1.3m. It reported 16 employees.