Indianapolis Eastside Revitalization Corporation

Analysis

Indianapolis Eastside Revitalization Corporation is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Indianapolis Eastside Revitalization Corporation reported income of $2.7m and spending of $29k, leaving 99% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.7m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2023, when income rose by 472%. Over the whole period it spent 36% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Indianapolis Eastside Revitalization Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include Goodwill Contract Services Hawaii Inc ($2.7m), Junior League of Austin ($2.7m) and Allegheny County Parks Foundation Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 86% of the total. At year end it held assets of $19.8m against liabilities of $2.2m, net assets of $17.6m.