Inherentance

Analysis

Inherentance is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Inherentance reported income of $140k and spending of $190k, spending 136% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $140k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Inherentance sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within IL. Charities of a similar size with the same main cause include Bethel Park Community Foundation Incorporated ($140k), Ihrsa Foundation Inc ($140k) and Operating Engineers Local 4 Charitable Foundation Inc ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.