Inspiring Futures Inc

Analysis

Inspiring Futures Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2023, 3 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 June 2024, Inspiring Futures Inc reported income of $320k and spending of $148k, leaving 54% of income unspent that year. Across the 3 years on record, from December 2022 to June 2024, income grew from $130k to $320k (+147%), an average of +57% a year. The sharpest change came in the year to June 2024, when income rose by 147%. Over the whole period it spent 30% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Inspiring Futures Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Meals on Wheels at the Crossroads ($320k), Chestnut Hill Meals on Wheels ($320k) and Blessed Hands Catering to the Aging Disability Inc ($320k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (47% of expenses). At year end it held assets of $253k against liabilities of $12k, net assets of $241k. It reported 2 employees.