Munster Indiana Municipal Improvement Corporation

Analysis

Munster Indiana Municipal Improvement Corporation is a registered charity in United States, based in Munster, IN. It received its IRS tax-exemption ruling in November 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Munster Indiana Municipal Improvement Corporation reported income of $357k and spending of $126k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $95k to $357k (+275%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 175%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Munster Indiana Municipal Improvement Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within IN. Charities of a similar size with the same main cause include Red Oak Isd Education Foundation Inc ($357k), Anda Foundation Inc ($357k) and Clarksville Montgomery County Public Library Foundation ($357k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% of the total. At year end it held assets of $2.8m against liabilities of $179, net assets of $2.8m.