Inspired Life Therapy

Analysis

Inspired Life Therapy is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in February 2019, 7 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, Inspired Life Therapy reported income of $425k and spending of $382k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $184k to $425k (+131%), an average of +131% a year. The sharpest change came in the year to December 2023, when income rose by 131%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Inspired Life Therapy sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within WA. Charities of a similar size with the same main cause include Magic Hat Thrift Shop Inc ($425k), Phoenix Emerald Foundation Inc ($425k) and Ultimate Care ($424k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.7% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $136k (36% of expenses). Other salaries and wages came to $191k. At year end it held assets of $63k against liabilities of $0, net assets of $63k. It reported 6 employees.