Inspired Nation Inc

Analysis

Inspired Nation Inc is a registered charity in United States, based in York, ME. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Inspired Nation Inc reported income of $60k and spending of $35k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $426k to $60k (-86%), an average of -39% a year. The sharpest change came in the year to December 2020, when income dropped by 90%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Inspired Nation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 16th percentile within ME. Charities of a similar size with the same main cause include Continuum Culture & Arts Inc ($60k), Friends of the Community Growing Center Inc ($60k) and Leroy Heritage Museum Inc ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.4% of the total. At year end it held assets of $87k against liabilities of $2,921, net assets of $84k.