West Indianapolis Development Corp

Analysis

West Indianapolis Development Corp is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 1993, 33 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, West Indianapolis Development Corp reported income of $410k and spending of $1.1m, spending 264% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $662k to $410k (-38%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 66%. Over the whole period it spent 124% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, West Indianapolis Development Corp sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IN. Charities of a similar size with the same main cause include The Decade Project ($410k), Overbrook West Neighbors ($410k) and Staten Island Urban Center Inc ($410k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 102% of the total. Compensation of current officers, directors and key employees was $114k (11% of expenses). Other salaries and wages came to $101k. At year end it held assets of $3.3m against liabilities of $45k, net assets of $3.2m. It reported 3 employees.