Indy Genesis Ltd

Analysis

Indy Genesis Ltd is a registered charity in United States, based in Greenwood, IN. It received its IRS tax-exemption ruling in April 2015, 11 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 June 2024, Indy Genesis Ltd reported income of $221k and spending of $252k, spending 114% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $98k to $221k (+126%), an average of +50% a year. The sharpest change came in the year to June 2023, when income rose by 187%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Indy Genesis Ltd sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within IN. Charities of a similar size with the same main cause include Flat Rock Park and Recreation Foundation Inc ($221k), Indiana Bandits Inc ($221k) and Noxubee County Activity League ($221k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $12k (4.8% of expenses). At year end it held assets of $104k against liabilities of $31k, net assets of $73k. It reported 1 employees.