Hoosier Academy Inc

Analysis

Hoosier Academy Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 2008, 18 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, Hoosier Academy Inc reported income of $7.1m and spending of $7.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.5m to $7.1m (-5.5%), an average of -1.4% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hoosier Academy Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Beacon Education Inc ($7.1m), Karachi American Society School ($7.1m) and American Community School Foundation Inc ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $1.4m against liabilities of $1.4m, net assets of $392. It reported 54 employees.