Inspired Foundation Inc

Analysis

Inspired Foundation Inc is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, 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, Inspired Foundation Inc reported income of $318k and spending of $349k, spending 110% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $201k to $318k (+58%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Inspired Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Pine Bluffs Senior Center Inc ($317k), 100 Black Men of Los Angeles Inc ($318k) and Better Brothers Los Angeles ($317k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.