Ivy Tech Foundation Inc

Analysis

Ivy Tech Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 1970, 56 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Ivy Tech Foundation Inc reported income of $23.0m and spending of $27.2m, spending 118% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $25.2m to $23.0m (-8.6%), an average of -1.8% a year. The sharpest change came in the year to June 2024, when income dropped by 44%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ivy Tech Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Oakland City University ($23.0m), Rabbi Isaac Elchanan Theological Seminary ($23.0m) and Way to Rise ($23.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% of the total. It paid $111k in professional fundraising fees. At year end it held assets of $149.9m against liabilities of $626k, net assets of $149.3m.