Indiana Math and Science Academy-North Indianapolis

Analysis

Indiana Math and Science Academy-North Indianapolis is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in November 2013, 13 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, Indiana Math and Science Academy-North Indianapolis reported income of $10.3m and spending of $9.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.6m to $10.3m (+56%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Indiana Math and Science Academy-North Indianapolis sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include Patel Institute for Innovation Inc ($10.3m), Central Arkansas Christian Schools Incorporated ($10.3m) and Morrison Education Group Inc ($10.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.2% of the total. Other salaries and wages came to $4.7m. At year end it held assets of $16.1m against liabilities of $14.0m, net assets of $2.1m. It reported 113 employees.