Community Investment Fund of Indiana Inc

Analysis

Community Investment Fund of Indiana Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Community Investment Fund of Indiana Inc reported income of $364k and spending of $807k, spending 222% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $746k to $364k (-51%), an average of -21% a year. The sharpest change came in the year to June 2022, when income rose by 154%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Investment Fund of Indiana Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IN. Charities of a similar size with the same main cause include Armi Housing Corporation ($364k), Three Wishes for Rubys Residents ($364k) and Imsa Educational Foundation ($364k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.4% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $94k (12% of expenses). Other salaries and wages came to $107k. At year end it held assets of $5.1m against liabilities of $1.7m, net assets of $3.3m. It reported 3 employees.