Inspire Music Service Hope Inc
EIN: 461061738 · Gilbert, AZ · NTEE: A60
| Metric | Value |
|---|---|
| Total Revenue | $243K |
| Total Expenses | $467K |
| Net Assets | $-331,216 |
Is Inspire Music Service Hope Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Inspire Music Service Hope Inc
Inspire Music Service Hope Inc (EIN: 461061738) is a nonprofit organization based in Gilbert, AZ, classified under NTEE code A60. The organization reported total revenue of $243K and total assets of $58K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Inspire Music Service Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Inspire Music Service Hope Inc is a small nonprofit that has been operating for 4 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 24.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $288K |
| Total Expenses | $467K |
| Surplus / Deficit | $-178,619 |
| Total Assets | $84K |
| Total Liabilities | $415K |
| Net Assets | $-331,216 |
| Operating Margin | -61.9% |
| Debt-to-Asset Ratio | 496.3% |
| Months of Reserves | 2.1 months |
Financial Health Grade: D
In 2023, Inspire Music Service Hope Inc reported a deficit of $179K with expenses exceeding revenue, holds 2.1 months of operating reserves (limited), has a debt-to-asset ratio of 496.3% (high leverage).
Financial Trends
Over 6 years of filings (2018–2023), Inspire Music Service Hope Inc's revenue has grown at a compound annual growth rate (CAGR) of 24.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.0% | -7.5% | -66.8% |
| 2022 | +53.7% | +113.4% | +117.3% |
| 2021 | +84.9% | +112.2% | -24.1% |
| 2020 | -33.1% | -34.5% | +331.2% |
| 2019 | +79.7% | +91.7% | +14.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Inspire Music Service Hope Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Inspire Music Service Hope Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $179K, with expenses exceeding revenue.
- Debt-to-asset ratio: 496.3%.
Frequently Asked Questions about Inspire Music Service Hope Inc
Is Inspire Music Service Hope Inc a legitimate charity?
Inspire Music Service Hope Inc (EIN: 461061738) is a registered tax-exempt nonprofit based in Arizona. It has 6 years of IRS 990 filings on record. Total revenue: $243K. No red flags identified. Financial health grade: D.
How does Inspire Music Service Hope Inc spend its money?
Inspire Music Service Hope Inc reported $243K in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Inspire Music Service Hope Inc tax-deductible?
Inspire Music Service Hope Inc is registered as a tax-exempt nonprofit (EIN: 461061738). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Inspire Music Service Hope Inc located?
Inspire Music Service Hope Inc is headquartered in Gilbert, Arizona and files with the IRS under EIN 461061738. It is classified under NTEE code A60.
How many years of IRS 990 filings does Inspire Music Service Hope Inc have?
Inspire Music Service Hope Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $243K in total revenue.
Filing History
IRS 990 filing history for Inspire Music Service Hope Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Inspire Music Service Hope Inc's revenue has grown by 197.1%, moving from $97K to $288K. Total assets increased by 168.9% over the same period, from $31K to $84K. Total functional expenses rose by 426.2%, from $89K to $467K. In its most recent filing year (2023), Inspire Music Service Hope Inc reported a deficit of $179K, with expenses exceeding revenue. The organization holds $415K in liabilities against $84K in assets (debt-to-asset ratio: 496.3%), resulting in net assets of $-331,216.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $288K | $467K | $84K | $415K | — | View 990 |
| 2022 | $332K | $505K | $252K | $405K | — | View 990 |
| 2021 | $216K | $237K | $116K | $95K | — | View 990 |
| 2020 | $117K | $112K | $153K | $112K | — | — |
| 2019 | $175K | $170K | $35K | $0 | — | View 990 |
| 2018 | $97K | $89K | $31K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $288K, expenses of $467K, and assets of $84K (revenue -13.0% year-over-year).
- 2022: Revenue of $332K, expenses of $505K, and assets of $252K (revenue +53.7% year-over-year).
- 2021: Revenue of $216K, expenses of $237K, and assets of $116K (revenue +84.9% year-over-year).
- 2020: Revenue of $117K, expenses of $112K, and assets of $153K (revenue -33.1% year-over-year).
- 2019: Revenue of $175K, expenses of $170K, and assets of $35K (revenue +79.7% year-over-year).
- 2018: Revenue of $97K, expenses of $89K, and assets of $31K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Inspire Music Service Hope Inc:
Data Sources and Methodology
This transparency report for Inspire Music Service Hope 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.