Greater Indianapolis Progress Committee Inc

Analysis

Greater Indianapolis Progress Committee Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in November 1965, 61 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 (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, Greater Indianapolis Progress Committee Inc reported income of $617k and spending of $688k, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $383k to $617k (+61%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 1376%. Over the whole period it spent 32% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Indianapolis Progress Committee Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IN. Charities of a similar size with the same main cause include 100 Men of Blue Hill ($617k), Coal Street Redevelopment Inc ($617k) and Coffee for Good Inc ($617k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $157k (23% of expenses). Other salaries and wages came to $19k. At year end it held assets of $5.3m against liabilities of $595k, net assets of $4.7m. It reported 2 employees.