Horace Mann-Ambridge Improvement Organization Inc

Analysis

Horace Mann-Ambridge Improvement Organization Inc is a registered charity in United States, based in Gary, IN. It received its IRS tax-exemption ruling in February 1990, 36 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Horace Mann-Ambridge Improvement Organization Inc reported income of $51k and spending of $165k, spending 321% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $79k to $51k (-35%), an average of -10% a year. The sharpest change came in the year to December 2023, when income rose by 289%. Over the whole period it spent 162% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Horace Mann-Ambridge Improvement Organization Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within IN. Charities of a similar size with the same main cause include Colorado Womens Bar Association Foundation ($51k), Bridge Center of Hampton Roads ($51k) and Community Volunteer Council ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $473k against liabilities of $135k, net assets of $338k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.