Inversion Ensemble Inc

Analysis

Inversion Ensemble Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Inversion Ensemble Inc reported income of $90k and spending of $84k, spending 94% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $97k to $90k (-7.4%), an average of -3.8% a year. The sharpest change came in the year to June 2023, when income dropped by 26%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Inversion Ensemble Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within TX. Charities of a similar size with the same main cause include Mid-Ohio Valley Symphony Society Inc ($90k), Portsmouth Murals Inc ($90k) and Ardea Arts Inc ($90k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 28% of the total. At year end it held assets of $8,189 against liabilities of $250, net assets of $7,939.