Indiana Philanthropy Alliance Inc

Analysis

Indiana Philanthropy Alliance Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in January 1992, 34 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, Indiana Philanthropy Alliance Inc reported income of $3.7m and spending of $2.4m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $900k to $3.7m (+306%), an average of +42% a year. The sharpest change came in the year to December 2022, when income rose by 196%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Indiana Philanthropy Alliance Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Supreme Council Benevolent Foundation ($3.7m), Bridge Builders Community Foundation ($3.7m) and Mario Lemieux Foundation ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $219k (9.0% of expenses). Other salaries and wages came to $757k. At year end it held assets of $5.7m against liabilities of $1.8m, net assets of $3.9m. It reported 16 employees.