Inspire Group Inc
Inspire Group Inc experienced a significant operational deficit in its latest reported fiscal period, with expenses exceeding revenue by over 37%.
EIN: 134364718 · Tallahassee, FL · NTEE: N60 · Updated: 2026-03-28
Is Inspire Group Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Inspire Group Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Inspire Group Inc
Inspire Group Inc (EIN: 134364718) is a nonprofit organization based in Tallahassee, FL, classified under NTEE code N60. The organization reported total revenue of $2.1M and total assets of $770K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Inspire Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Inspire Group Inc is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $706K |
| Total Expenses | $970K |
| Surplus / Deficit | $-263,666 |
| Total Assets | $599K |
| Total Liabilities | $493K |
| Net Assets | $106K |
| Operating Margin | -37.3% |
| Debt-to-Asset Ratio | 82.3% |
| Months of Reserves | 7.4 months |
Financial Health Grade: C
In 2023, Inspire Group Inc reported a deficit of $264K with expenses exceeding revenue, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 82.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Inspire Group Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -49.6% | -29.0% | -22.1% |
| 2022 | +4.8% | +7.4% | +26.2% |
| 2021 | -2.5% | -8.1% | +94.2% |
| 2020 | +18.5% | +30.5% | +78.3% |
| 2019 | +40.2% | +28.7% | +161.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Inspire Group Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Inspire Group Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $264K, with expenses exceeding revenue.
- Debt-to-asset ratio: 82.3%.
Executive Compensation Analysis
Inspire Group Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is a strong positive for minimizing administrative costs at the top.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Inspire Group Inc's IRS 990 filings:
- Significant operational deficit in the latest fiscal period (202306), with expenses ($969,967) exceeding revenue ($706,301) by 37%.
- Inconsistent revenue performance, with a sharp decline in 2023 after several years of growth.
- Liabilities ($492,941 in 2023) are a substantial portion of assets ($599,028), indicating a potentially high debt-to-asset ratio.
Strengths
The following positive indicators were identified for Inspire Group Inc:
- Consistent reporting of 0% officer compensation across all available filings, indicating low executive overhead.
- Long history of IRS 990 filings (13 filings), suggesting established operations and compliance.
- Significant asset growth over the long term, from $35,696 in 2014 to $599,028 in 2023, demonstrating some capacity to build reserves.
Frequently Asked Questions about Inspire Group Inc
Is Inspire Group Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Inspire Group Inc (EIN: 134364718) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Inspire Group Inc spend its money?
Inspire Group Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Inspire Group Inc tax-deductible?
Inspire Group Inc is registered as a tax-exempt nonprofit (EIN: 134364718). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why did Inspire Group Inc's revenue drop significantly from $1,401,948 in 2022 to $706,301 in 2023?
The provided data shows a substantial decrease in reported revenue between the 202206 and 202306 fiscal periods. This could be due to various factors such as changes in funding sources, grant cycles, or economic conditions affecting donations. Further investigation into their specific revenue streams would be needed.
How does Inspire Group Inc plan to address the operational deficit of $263,666 reported in the 202306 period?
The 202306 filing shows expenses of $969,967 against revenues of $706,301, resulting in a deficit. The organization would need to either increase revenue or decrease expenses to achieve financial sustainability. Without further information, their specific plan is unknown.
What is the primary driver of Inspire Group Inc's expenses, given the lack of officer compensation?
With 0% officer compensation, the majority of expenses are likely attributable to program services, general administrative costs (excluding executive salaries), and potentially fundraising efforts. A detailed functional expense statement would clarify this.
Filing History
IRS 990 filing history for Inspire Group Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Inspire Group Inc's revenue has grown by 31.3%, moving from $538K to $706K. Total assets increased by 853% over the same period, from $63K to $599K. Total functional expenses rose by 88.9%, from $513K to $970K. In its most recent filing year (2023), Inspire Group Inc reported a deficit of $264K, with expenses exceeding revenue. The organization holds $493K in liabilities against $599K in assets (debt-to-asset ratio: 82.3%), resulting in net assets of $106K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $706K | $970K | $599K | $493K | — | View 990 |
| 2022 | $1.4M | $1.4M | $769K | $399K | — | — |
| 2021 | $1.3M | $1.3M | $609K | $312K | — | View 990 |
| 2020 | $1.4M | $1.4M | $314K | $225K | — | View 990 |
| 2019 | $1.2M | $1.1M | $176K | $73K | — | View 990 |
| 2018 | $825K | $824K | $67K | $61K | — | — |
| 2017 | $696K | $678K | $104K | $98K | — | View 990 |
| 2016 | $694K | $677K | $69K | $81K | — | View 990 |
| 2015 | $643K | $707K | $36K | $100K | — | View 990 |
| 2014 | $643K | $707K | $36K | $100K | — | View 990 |
| 2013 | $651K | $669K | $32K | $94K | — | View 990 |
| 2012 | $663K | $656K | $25K | $2K | — | View 990 |
| 2011 | $538K | $513K | $63K | $33K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $706K, expenses of $970K, and assets of $599K (revenue -49.6% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.4M, and assets of $769K (revenue +4.8% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.3M, and assets of $609K (revenue -2.5% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.4M, and assets of $314K (revenue +18.5% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.1M, and assets of $176K (revenue +40.2% year-over-year).
- 2018: Revenue of $825K, expenses of $824K, and assets of $67K (revenue +18.5% year-over-year).
- 2017: Revenue of $696K, expenses of $678K, and assets of $104K (revenue +0.3% year-over-year).
- 2016: Revenue of $694K, expenses of $677K, and assets of $69K (revenue +7.9% year-over-year).
- 2015: Revenue of $643K, expenses of $707K, and assets of $36K (revenue +0.0% year-over-year).
- 2014: Revenue of $643K, expenses of $707K, and assets of $36K (revenue -1.3% year-over-year).
- 2013: Revenue of $651K, expenses of $669K, and assets of $32K (revenue -1.7% year-over-year).
- 2012: Revenue of $663K, expenses of $656K, and assets of $25K (revenue +23.1% year-over-year).
- 2011: Revenue of $538K, expenses of $513K, and assets of $63K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Inspire Group Inc:
Data Sources and Methodology
This transparency report for Inspire Group Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.