Inspiration Charitable Foundation
Inspiration Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $25K in total assets. In 2024, it awarded 3 grants totaling $258K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$25K
+2257.0% YoY
Annual Giving
$258K
-42.5% YoY
Grant Count
3
-40.0% YoY
Avg Grant Size
$86K
-4.1% YoY
Under IRS private-foundation payout rules, Inspiration Charitable Foundation reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About Inspiration Charitable Foundation
Based on IRS filings
Inspiration Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $25K in total assets. In 2024, it awarded 3 grants totaling $258K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $25,126 | $1,066 | $202,950 |
| Revenue | $284,306 | $248,656 | $337,021 |
| Expenses | $260,246 | $450,540 | $401,055 |
| Qualifying Distributions | $260,118 | $449,270 | $399,930 |
| Net Investment Income | — | — | — |
| Distributable Amount | $1,547 | $4,326 | $8,162 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
33 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include West Coast Baptist College ($200,000), Central Missionary Clearinghouse ($48,700), Baptist International Missions Inc ($9,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BAPTIST INTERNATIONAL MISSIONS INC CHATTANOOGA, TN | MONTHLY LIVING & MINISTRY EXPENSES INCURRED BY MISSIONARIES | $9,000 |
| CENTRAL MISSIONARY CLEARINGHOUSE HOUSTON, TX | MONTHLY LIVING & MINISTRY EXPENSES INCURRED BY MISSIONARIES | $48,700 |
| WEST COAST BAPTIST COLLEGE LANCASTER, CA | LIBRARY PROJECT | $200,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARK ALLEN COVER | DIRECTOR | 1 | — |
| ANN MARIE COVER | DIRECTOR | 1 | — |
| ANGELA COVER INLOW | DIRECTOR | 0.5 | — |
| JONATHAN MARK COVER | DIRECTOR | 0.5 | — |
| ALLEN MICHAEL COVER | DIRECTOR | 0.5 | — |
| WILLIAM RANDALL COVER | DIRECTOR | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Inspiration Charitable Foundation?
Inspiration Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. It holds $25K in total assets as of 2024.
How large is Inspiration Charitable Foundation?
As of 2024, Inspiration Charitable Foundation holds $25K in total assets with $284K in annual revenue. It awarded 3 grants totaling $258K in 2024.
Where does Inspiration Charitable Foundation operate?
Inspiration Charitable Foundation has awarded grants in California, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Texas.
What size grants does Inspiration Charitable Foundation award?
In 2024, Inspiration Charitable Foundation awarded 3 grants totaling $258K — an average of about $86K per grant, based on its IRS Form 990 filings.
How much is Inspiration Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Inspiration Charitable Foundation reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Inspiration Charitable Foundation's EIN?
Inspiration Charitable Foundation's EIN (Employer Identification Number) is 26-4223774. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Inspiration Charitable Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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