Friends of Inspirenola

Analysis

Friends of Inspirenola is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Inspirenola reported income of $97k and spending of $32k, leaving 67% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income fell from $150k to $97k (-35%), an average of -20% a year. The sharpest change came in the year to June 2023, when income rose by 203%. Over the whole period it spent 33% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Inspirenola sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within LA. Charities of a similar size with the same main cause include Hudson County Schools of Technologyfoundation a Nonprofit Corp ($97k), Hope Valley Conservancy Inc ($97k) and Somerset Scholarship Fund ($97k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $187k against liabilities of $0, net assets of $187k.