Indianapolis Soap Box Derby Association Inc

Analysis

Indianapolis Soap Box Derby Association Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 1983, 43 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 December 2023, Indianapolis Soap Box Derby Association Inc reported income of $100k and spending of $96k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $125k to $100k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Indianapolis Soap Box Derby Association Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 34th percentile within IN. Charities of a similar size with the same main cause include Reflex Public Recreation Center Inc ($100k), Partnership 4 Care Inc ($100k) and Department of Public Safty Support Group Inc ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 4.3% of the total. At year end it held assets of $109k against liabilities of $0, net assets of $109k.