Indiana Student Financial Aid Association Inc

Analysis

Indiana Student Financial Aid Association Inc is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in October 1985, 41 years ago. 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 December 2023, Indiana Student Financial Aid Association Inc reported income of $117k and spending of $79k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $81k to $117k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Indiana Student Financial Aid Association Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within IN. Charities of a similar size with the same main cause include Lewis County Agricultural Fair Association Inc ($117k), Mennonite Festival for World Relief ($117k) and PTA New Jersey Congress of Parents & Teachers ($117k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $389k against liabilities of $175, net assets of $389k.