Inspire Experiences Corporation

Analysis

Inspire Experiences Corporation is a registered charity in United States, based in Bethany, OK. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Inspire Experiences Corporation reported income of $1.0m and spending of $893k, spending 86% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $320k to $1.0m (+224%), an average of +80% a year. The sharpest change came in the year to December 2022, when income rose by 206%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Inspire Experiences Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within OK. Charities of a similar size with the same main cause include American Friends of the CNTRL Comm for Taharas Hamishpacha in Israel ($1.0m), Institute for Worship Studies Florida Campus Inc ($1.0m) and Holy Family Ministry Center ($1.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 90% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $142k (16% of expenses). Other salaries and wages came to $123k. At year end it held assets of $253k against liabilities of $8,687, net assets of $245k. It reported 7 employees.