Indiana Retired Teachers Association Foundation Inc

Analysis

Indiana Retired Teachers Association Foundation Inc is a registered charity in United States, based in Plainfield, IN. It received its IRS tax-exemption ruling in December 1977, 49 years ago. 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 2024, Indiana Retired Teachers Association Foundation Inc reported income of $67k and spending of $50k, leaving 26% of income unspent that year. Across the 6 years on record, from August 2019 to June 2024, income fell from $137k to $67k (-51%), an average of -13% a year. The sharpest change came in the year to June 2023, when income dropped by 57%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Indiana Retired Teachers Association Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 23rd percentile within IN. Charities of a similar size with the same main cause include Presbyterian U of Pa Medical Center ($67k), Cascade County Mountain Patrol Search and Rescue Inc ($67k) and Education and Science Society Inc ($67k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 67% of the total. Compensation of current officers, directors and key employees was $3,200 (6.4% of expenses). Other salaries and wages came to $4,775. At year end it held assets of $653k against liabilities of $16k, net assets of $637k.