Inspiration Studios Inc

Analysis

Inspiration Studios Inc is a registered charity in United States, based in Hamilton, OH. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Inspiration Studios Inc reported income of $935k and spending of $752k, spending 80% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $15k to $935k (+6333%), an average of +301% a year. The sharpest change came in the year to December 2021, when income rose by 4407%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Inspiration Studios Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include University of Maryland Shore Regional Health Inc ($935k), Fort Wayne Urban Enterprise Association Inc ($936k) and South Willamette Solutions ($935k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 4.9% of the total. Other salaries and wages came to $360k. At year end it held assets of $667k against liabilities of $7,568, net assets of $659k. It reported 20 employees.