Indianapolis Private Industry Council Inc

Analysis

Indianapolis Private Industry Council Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in January 1984, 42 years ago. Its declared purposes cover employment, 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 2022, Indianapolis Private Industry Council Inc reported income of $27.4m and spending of $21.8m, leaving 20% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $14.1m to $27.4m (+94%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Indianapolis Private Industry Council Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Vocational Development Foundation ($27.4m), Newview Oklahoma Inc ($27.4m) and Race Forward ($27.2m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $888k (4.1% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $12.9m against liabilities of $1.8m, net assets of $11.1m. It reported 145 employees.