Independence Academy of Indiana Inc

Analysis

Independence Academy of Indiana Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 2009, 17 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 July 2023, Independence Academy of Indiana Inc reported income of $1.3m and spending of $1.2m, spending 94% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $603k to $1.3m (+114%), an average of +21% a year. The sharpest change came in the year to July 2022, when income rose by 106%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Independence Academy of Indiana Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IN. Charities of a similar size with the same main cause include Steps to Success Inc ($1.3m), Hebraic Heritage Christian School of Theology Inc ($1.3m) and Steered Straight Inc ($1.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 10% and program service revenue 88% of the total. Other salaries and wages came to $490k. At year end it held assets of $4.6m against liabilities of $2.8m, net assets of $1.8m. It reported 27 employees.