Implicit Neural Representations (INRs) have gained success in various signal processing tasks due to their advantages of continuity and infinite resolution. However, the factors influencing their effectiveness and limitations remain underexplored. To better understand these factors, we leverage insights from Neural Tangent Kernel (NTK) theory to analyze how model architectures (classic MLP and emerging KAN), positional encoding, and nonlinear primitives affect the response to signals of varying frequencies. Building on this analysis, we introduce INR-Bench, the first comprehensive benchmark specifically designed for multimodal INR tasks. It includes 56 variants of Coordinate-MLP models (featuring 4 types of positional encoding and 14 activation functions) and 22 Coordinate-KAN models with distinct basis functions, evaluated across 9 implicit multimodal tasks. These tasks cover both forward and inverse problems, offering a robust platform to highlight the strengths and limitations of different neural models, thereby establishing a solid foundation for future research. The code and dataset are available at https://github.com/lif314/INR-Bench.