Inspire Life

Analysis

Inspire Life is a registered charity in United States, based in Neptune, NJ. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Inspire Life reported income of $171k and spending of $118k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $139k to $171k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 82% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Inspire Life sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 58th percentile within NJ. Charities of a similar size with the same main cause include Martinsville Youth Development Center Inc ($171k), Andy Zanca Youth Empowerment Program ($171k) and Go for Yours Foundation ($171k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 14% of the total. At year end it held assets of $57k against liabilities of $0, net assets of $57k.