Indiana Association for the Education of Children Inc

Analysis

Indiana Association for the Education of Children Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Indiana Association for the Education of Children Inc reported income of $9.7m and spending of $9.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $9.7m (+57%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 46%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Indiana Association for the Education of Children Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include Legal Services of North Florida Inc ($9.7m), Land Institute ($9.7m) and Starkville Academy ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $434k (4.5% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $2.9m against liabilities of $2.0m, net assets of $913k. It reported 54 employees.