Indiana Association for Community Economic Development Inc

Analysis

Indiana Association for Community Economic Development Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 1987, 39 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 December 2023, Indiana Association for Community Economic Development Inc reported income of $703k and spending of $787k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $695k to $703k (+1.2%), an average of +0.3% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Indiana Association for Community Economic Development Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IN. Charities of a similar size with the same main cause include Somanli American United Council of Arizona ($703k), Ceramic Tile Education Foundation ($704k) and Crawford County Land Reutilization Corporation ($702k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $63k (8.0% of expenses). Other salaries and wages came to $413k. At year end it held assets of $622k against liabilities of $157k, net assets of $466k. It reported 16 employees.