Indiana Nitro Inc

Analysis

Indiana Nitro Inc is a registered charity in United States, based in Fishers, IN. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 July 2024, Indiana Nitro Inc reported income of $662k and spending of $570k, spending 86% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $487k to $662k (+36%), an average of +6.3% a year. The sharpest change came in the year to July 2021, when income rose by 60%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Indiana Nitro Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IN. Charities of a similar size with the same main cause include Andrew Jackson Police Youth Camp ($661k), Neuse River Futbol Alliance Inc ($662k) and Clackamas United Soccer Club ($661k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 0.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $50k (8.8% of expenses). At year end it held assets of $655k against liabilities of $0, net assets of $655k.