Indiana Economic Development Association Foundation

Analysis

Indiana Economic Development Association Foundation is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 2007, 19 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, Indiana Economic Development Association Foundation reported income of $87k and spending of $290k, spending 334% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $147k to $87k (-41%), an average of -41% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 154% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Indiana Economic Development Association Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within IN. Charities of a similar size with the same main cause include Calvary Community Development Corporation of Morristown ($87k), Lace Em Up for Libby Inc ($87k) and Seat Innovation and Entrepreneurship Center Inc ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $64k against liabilities of $13k, net assets of $51k.