Inspiration Stables Inc

Analysis

Inspiration Stables Inc is a registered charity in United States, based in LA Motte, IA. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Inspiration Stables Inc reported income of $317k and spending of $42k, leaving 87% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $38k to $317k (+726%), an average of +726% a year. The sharpest change came in the year to December 2023, when income rose by 726%. Over the whole period it spent 22% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Inspiration Stables Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within IA. Charities of a similar size with the same main cause include Peoples Community Foundation ($317k), Camas Day School ($317k) and Food Pantry of Jeff Davis County Inc ($317k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. At year end it held assets of $406k against liabilities of $814, net assets of $405k.