Iu Medical Group Foundation Inc

Analysis

Iu Medical Group Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Iu Medical Group Foundation Inc reported income of $11.1m and spending of $11.8m, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $48.3m to $11.1m (-77%), an average of -31% a year. The sharpest change came in the year to June 2023, when income rose by 100%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iu Medical Group Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Inroads Inc ($11.1m), National Association of Student Financial Aid Administrators ($11.1m) and Priority Systems ($11.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.2% and program service revenue 28% of the total. At year end it held assets of $370.8m against liabilities of $0, net assets of $370.8m.