Indianapolis Center for Congregations Inc

Analysis

Indianapolis Center for Congregations Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 2002, 24 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Indianapolis Center for Congregations Inc reported income of $17.8m and spending of $10.0m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.6m to $17.8m (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2022, when income rose by 5600%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Indianapolis Center for Congregations Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Susanna Wesley Health Center Inc ($17.7m), Western Maryland Health Care Corporation ($17.8m) and Holy Cross Village at Notre Dame Inc ($17.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $327k (3.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $68.1m against liabilities of $1.7m, net assets of $66.4m. It reported 25 employees.