Hear Indiana Inc

Analysis

Hear Indiana Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 1979, 47 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 December 2023, Hear Indiana Inc reported income of $1.9m and spending of $1.6m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.9m (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2021, when income rose by 120%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hear Indiana Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IN. Charities of a similar size with the same main cause include Senior Life Services of Morgan County Inc ($1.9m), Central Florida Community Arts Inc ($1.9m) and West Virginia Drug Testing Laboratories Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $167k (10% of expenses). Other salaries and wages came to $517k. At year end it held assets of $4.0m against liabilities of $178k, net assets of $3.8m. It reported 16 employees.