Inherit Institute

Analysis

Inherit Institute is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Inherit Institute reported income of $88k and spending of $78k, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $172k to $88k (-49%), an average of -28% a year. The sharpest change came in the year to December 2023, when income rose by 156%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Inherit Institute sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include Cell Church Consulting International ($88k), Donnie Guy Evangelistic Ministry ($88k) and Kingdom Beats Inc ($88k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. At year end it held assets of $44k against liabilities of $21k, net assets of $23k.