Indiana Health Centers Inc

Analysis

Indiana Health Centers Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 1981, 45 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Indiana Health Centers Inc reported income of $41.8m and spending of $41.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $30.4m to $41.8m (+37%), an average of +8.3% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Indiana Health Centers Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within IN. Charities of a similar size with the same main cause include Rivervalley Behavioral Health Inc ($41.8m), Shawnee Health Service and Development Corp ($41.8m) and Society for Neuroscience ($41.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $2.1m (5.1% of expenses). Other salaries and wages came to $19.7m. At year end it held assets of $22.9m against liabilities of $5.8m, net assets of $17.1m. It reported 421 employees.