Indiana Math and Science Academy -Indianapolis Inc

Analysis

Indiana Math and Science Academy -Indianapolis Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Indiana Math and Science Academy -Indianapolis Inc reported income of $9.4m and spending of $7.6m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $9.4m (+65%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Indiana Math and Science Academy -Indianapolis Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include Bright School Inc ($9.4m), Jobs for Americas Graduates - Kansas Inc ($9.4m) and Ki Education Foundation ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.8% of the total. Other salaries and wages came to $4.2m. At year end it held assets of $8.4m against liabilities of $2.2m, net assets of $6.2m. It reported 96 employees.