Central Indiana Community Foundation Inc

Analysis

Central Indiana Community Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 1990, 36 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Central Indiana Community Foundation Inc reported income of $67.8m and spending of $41.7m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $78.1m to $67.8m (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2021, when income dropped by 27%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Central Indiana Community Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IN. Charities of a similar size with the same main cause include San Antonio Area Foundation ($67.8m), The Albertsons Companies Foundation ($68.1m) and Greater Hartford Gives Foundation ($67.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $457k (1.1% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $546.8m against liabilities of $14.3m, net assets of $532.5m. It reported 36 employees.