Indiana Air Search & Rescue Inc

Analysis

Indiana Air Search & Rescue Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Indiana Air Search & Rescue Inc reported income of $145k and spending of $42k, leaving 71% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $116k to $145k (+26%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 30% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Indiana Air Search & Rescue Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within IN. Charities of a similar size with the same main cause include Literacy Initiatives ($145k), Legacy of Pearls Foundation Inc ($145k) and Kings Christian Academy Inc ($145k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $15k, net assets of $1.2m.