Fund for Hoosier Excellence Inc

Analysis

Fund for Hoosier Excellence Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Fund for Hoosier Excellence Inc reported income of $74k and spending of $39k, leaving 47% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $122k to $74k (-39%), an average of -12% a year. The sharpest change came in the year to September 2022, when income dropped by 55%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fund for Hoosier Excellence Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within IN. Charities of a similar size with the same main cause include Palm Harbor University Performing Arts Booster Club ($74k), Denny Family Foundation ($74k) and Argo Higher Education Foundation ($74k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% of the total. At year end it held assets of $1.7m against liabilities of $156k, net assets of $1.5m.