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Inroads Inc

RegisteredEIN 62-0967197Atlanta, GAEducation and training
Income$11.1m2023-08
Spending$13.3msame year
Spent / received92%6-year average
Size in its cause94th pctEducation and training
Exempt since2019Publicly supported organisat
Employees136latest return

Analysis

Inroads Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in January 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Inroads Inc reported income of $11.1m and spending of $13.3m, spending 120% of what it took in. Across the 6 years on record, from August 2018 to August 2023, income grew from $2.1m to $11.1m (+438%), an average of +40% a year. The sharpest change came in the year to August 2019, when income rose by 226%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Inroads Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include Priority Systems ($11.1m), Iu Medical Group Foundation Inc ($11.1m) and Csu Bakersfield Auxiliary for Sponsored Programs Administration ($11.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 62% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $966k (7.2% of expenses). Other salaries and wages came to $4.6m. It paid $95k in professional fundraising fees. At year end it held assets of $16.2m against liabilities of $7.9m, net assets of $8.2m. It reported 136 employees.

Income and spending

$0$5.3m$10.6m$16.0m$21.3m2018 Income: $2,060,4252018 Spending: $5,885,71820182019 Income: $6,713,6992019 Spending: $6,695,40620192020 Income: $6,798,4022020 Spending: $6,286,86620202021 Income: $12,885,5232021 Spending: $8,773,89820212022 Income: $21,294,6932022 Spending: $15,315,15720222023 Income: $11,076,3022023 Spending: $13,334,2542023
IncomeSpending

Where the income comes from

  • Contributions & grants 62%
  • Program services 38%

Similar-sized charities, same cause

CharityLocationIncome
Priority SystemsMorgans Point$11.1m
Iu Medical Group Foundation IncIndianapolis$11.1m
Csu Bakersfield Auxiliary for Sponsored Programs AdministrationBakersfield$11.1m
National Association of Student Financial Aid AdministratorsWashington$11.1m