Inspire Heart Inc

Analysis

Inspire Heart Inc is a registered charity in United States, based in Farmington, NM. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Inspire Heart Inc reported income of $161k and spending of $112k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $161k (+72%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Inspire Heart Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within NM. Charities of a similar size with the same main cause include Los Angeles Live Steamer Inc ($161k), Americana Festival Inc ($161k) and Hot Jazz Jubilee Inc ($161k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $35k against liabilities of $1,854, net assets of $33k.