Inspire Preparatory Academy Inc

Analysis

Inspire Preparatory Academy Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in June 2022, 4 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 December 2023, Inspire Preparatory Academy Inc reported income of $947k and spending of $724k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $293k to $947k (+223%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Inspire Preparatory Academy Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Reschool ($947k), Exceptional Family Center ($947k) and Coppell High School Band Booster Club ($947k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $71k (9.8% of expenses). Other salaries and wages came to $176k. At year end it held assets of $157k against liabilities of -$8,551, net assets of $165k. It reported 12 employees.