Private Academic Library Network of Indiana Inc

Analysis

Private Academic Library Network of Indiana Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Private Academic Library Network of Indiana Inc reported income of $1.7m and spending of $1.9m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.7m (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2021, when income rose by 71%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Private Academic Library Network of Indiana Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include Foothills Community Christian School Inc ($1.7m), Classroom 2 Community Inc ($1.7m) and Erath Excels Academy Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $154k (8.3% of expenses). Other salaries and wages came to $805k. At year end it held assets of $7.5m against liabilities of $1.4m, net assets of $6.0m. It reported 5 employees.