Inspire to Rise Inc

Analysis

Inspire to Rise Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in September 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 June 2023, Inspire to Rise Inc reported income of $1.7m and spending of $1.7m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $365k to $1.7m (+360%), an average of +66% a year. The sharpest change came in the year to June 2022, when income rose by 167%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Inspire to Rise Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Bennington Project Independence Inc ($1.7m), North County Community Food Bank ($1.7m) and Project New Village ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $177k (11% of expenses). Other salaries and wages came to $849k. At year end it held assets of $540k against liabilities of $201k, net assets of $339k. It reported 43 employees.