Inspired Life Inc

Analysis

Inspired Life Inc is a registered charity in United States, based in Aplington, IA. It received its IRS tax-exemption ruling in April 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, Inspired Life Inc reported income of $218k and spending of $224k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $707k to $218k (-69%), an average of -69% a year. The sharpest change came in the year to December 2023, when income dropped by 69%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Inspired Life Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within IA. Charities of a similar size with the same main cause include Dove Ministries Inc ($218k), Sherrard Institute ($218k) and Jagadguru Shri Vallabhacharya Peeth Inc ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $116k. At year end it held assets of $181k against liabilities of $587, net assets of $181k. It reported 3 employees.