Indiana State Chamber of Commerce Foundation Inc

Analysis

Indiana State Chamber of Commerce Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Indiana State Chamber of Commerce Foundation Inc reported income of $447k and spending of $301k, leaving 33% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income fell from $943k to $447k (-53%), an average of -17% a year. The sharpest change came in the year to October 2021, when income rose by 380%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Indiana State Chamber of Commerce Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IN. Charities of a similar size with the same main cause include Corinth Holders High School Band Boosters ($447k), Long Island Caddie Scholarship Fund Inc ($447k) and Turn the Page KC Inc ($447k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $39k (13% of expenses). Other salaries and wages came to $179k. At year end it held assets of $1.2m against liabilities of $63k, net assets of $1.1m. It reported 2 employees.