Indiana Online Learning Options Inc

Analysis

Indiana Online Learning Options Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Indiana Online Learning Options Inc reported income of $51.5m and spending of $50.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $34.3m to $51.5m (+50%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Indiana Online Learning Options Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IN. Charities of a similar size with the same main cause include Philadelphia Performing Arts a String Theory Charter School ($51.4m), Bethel University ($51.5m) and Options for Youth-Duarte Inc ($51.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $173k (0.3% of expenses). Other salaries and wages came to $12.8m. At year end it held assets of $15.1m against liabilities of $10.9m, net assets of $4.2m.