Inspiring Tomorrows Leaders Inc

Analysis

Inspiring Tomorrows Leaders Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Inspiring Tomorrows Leaders Inc reported income of $201k and spending of $156k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $201k (+260%), an average of +260% a year. The sharpest change came in the year to December 2023, when income rose by 260%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Inspiring Tomorrows Leaders Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Sustained Farms ($201k), Bi-County Business Roundtable ($201k) and Handal Family Foundation ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $67k (43% of expenses). Other salaries and wages came to $67k. At year end it held assets of $49k against liabilities of $0, net assets of $49k.