Indiana Crop Improvement Assn Inc

Analysis

Indiana Crop Improvement Assn Inc is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in September 1958, 68 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 April 2024, Indiana Crop Improvement Assn Inc reported income of $4.6m and spending of $4.4m, spending 95% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $4.4m to $4.6m (+4.2%), an average of +1.0% a year. The sharpest change came in the year to April 2023, when income rose by 24%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Indiana Crop Improvement Assn 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 92nd percentile within IN. Charities of a similar size with the same main cause include Exira Care Center Corporation ($4.6m), Central California Nikkei Foundation ($4.6m) and Greater DC Diaper Bank ($4.6m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $321k (7.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.7m against liabilities of $287k, net assets of $5.4m. It reported 179 employees.