Inspiring Arts Inc

Analysis

Inspiring Arts Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Inspiring Arts Inc reported income of $143k and spending of $141k, spending 99% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $100k to $143k (+43%), an average of +43% a year. The sharpest change came in the year to August 2023, when income rose by 43%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Inspiring Arts Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within OH. Charities of a similar size with the same main cause include Los Angeles Virtuosi Orchestra Inc ($143k), Palmdale Community Foundation ($143k) and Saveartspace ($143k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. At year end it held assets of $54k against liabilities of $2,387, net assets of $51k.