Indiana Medical Foundation Inc

Analysis

Indiana Medical Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 1969, 57 years ago. 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, Indiana Medical Foundation Inc reported income of $61k and spending of $114k, spending 188% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $229k to $61k (-74%), an average of -48% a year. The sharpest change came in the year to December 2022, when income dropped by 62%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Indiana Medical Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within IN. Charities of a similar size with the same main cause include Central Tech Foundation Inc ($61k), PTA Texas Congress ($61k) and Telford Diving and Rescue Unit ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 35% of the total. At year end it held assets of $428k against liabilities of $134k, net assets of $294k.