Binford Redvelopment & Growth Inc

Analysis

Binford Redvelopment & Growth Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Binford Redvelopment & Growth Inc reported income of $69k and spending of $36k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $69k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 48% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Binford Redvelopment & Growth Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within IN. Charities of a similar size with the same main cause include Wake Forest Innovation Quarter Management Co ($69k), Roberts Community Foundation Inc ($69k) and The Rancho de Los Penasquitos Town Council Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $127k against liabilities of $16k, net assets of $111k.