Indianapolis Hebrew Cong Foundation Inc

Analysis

Indianapolis Hebrew Cong Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 2024, 2 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Indianapolis Hebrew Cong Foundation Inc reported income of $283k and spending of $180k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income fell from $726k to $283k (-61%), an average of -21% a year. The sharpest change came in the year to June 2022, when income rose by 9092%. Over the whole period it spent 113% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Indianapolis Hebrew Cong Foundation Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within IN. Charities of a similar size with the same main cause include Transformational Opportunities Inc ($283k), Bridgeville Community Center ($283k) and Matthew and Karen Cullen Family Foundation ($283k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.7% of the total. At year end it held assets of $6.2m against liabilities of $1.3m, net assets of $4.9m.