Indianapolis Public Schools Education Foundation Inc

Analysis

Indianapolis Public Schools Education Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Indianapolis Public Schools Education Foundation Inc reported income of $5.5m and spending of $5.5m, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.2m to $5.5m (+154%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 84%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Indianapolis Public Schools Education Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include Orchard Foundation ($5.5m), University at Buffalo Otolaryngology Inc ($5.5m) and Four Rivers Community School Inc ($5.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $235k (4.3% of expenses). Other salaries and wages came to $312k. It paid $12k in professional fundraising fees. At year end it held assets of $10.4m against liabilities of $1.4m, net assets of $9.0m. It reported 6 employees.