Inspiracion Inc

Analysis

Inspiracion Inc is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in April 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, Inspiracion Inc reported income of $235k and spending of $182k, leaving 22% of income unspent that year. Across the 3 years on record, from August 2021 to August 2023, income fell from $271k to $235k (-13%), an average of -6.9% a year. The sharpest change came in the year to August 2023, when income rose by 109%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Inspiracion 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 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Well-Being Center of Colorado ($235k), Sherrill-Kenwood Free Library ($235k) and Transitional Housing & Work Programs of Davidson Co ($235k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $165k. At year end it held assets of $235k against liabilities of $0, net assets of $235k.