Northern Indiana Education Foundation Inc

Analysis

Northern Indiana Education Foundation Inc is a registered charity in United States, based in Michigan City, IN. It received its IRS tax-exemption ruling in June 1968, 58 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northern Indiana Education Foundation Inc reported income of $501k and spending of $967k, spending 193% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.8m to $501k (-72%), an average of -22% a year. The sharpest change came in the year to December 2022, when income dropped by 62%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northern Indiana Education Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IN. Charities of a similar size with the same main cause include Lansdale Library Association ($501k), Alliance for Sustainability ($501k) and Council of Chief Judges of Thestate Courts of Appeal ($501k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 46% of the total. Compensation of current officers, directors and key employees was $118k (12% of expenses). Other salaries and wages came to $75k. At year end it held assets of $14.1m against liabilities of $1.1m, net assets of $12.9m.