Inspired Arts League

Analysis

Inspired Arts League is a registered charity in United States, based in Keller, TX. It received its IRS tax-exemption ruling in March 2022, 4 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 (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 Arts League reported income of $56k and spending of $56k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $61k to $56k (-8.2%), an average of -8.2% a year. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Inspired Arts League sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include Magnus Research Group ($56k), Colorado Hebrew Chorale ($56k) and Little Neck Douglaston Memorial Day Parade Association Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $6,078 against liabilities of $4,053, net assets of $2,025.