Independent Colleges of Indiana Inc

Analysis

Independent Colleges of Indiana Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Independent Colleges of Indiana Inc reported income of $25.8m and spending of $23.7m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.0m to $25.8m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2021, when income dropped by 18%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Independent Colleges of Indiana 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 98th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Forsyth Country Day School Inc ($25.8m), Hoyleton Youth and Family Services ($25.8m) and Catholic Education Arizona ($25.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $679k (2.9% of expenses). Other salaries and wages came to $982k. At year end it held assets of $93.0m against liabilities of $707k, net assets of $92.3m. It reported 14 employees.