Indianapolis Neighborhood Resource Center Inc

Analysis

Indianapolis Neighborhood Resource Center Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 1994, 32 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, Indianapolis Neighborhood Resource Center Inc reported income of $1.4m and spending of $1.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $700k to $1.4m (+103%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Indianapolis Neighborhood Resource Center 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 83rd percentile, and in the 83rd percentile within IN. Charities of a similar size with the same main cause include Hispanic Metropolitan Chamber of Commerce ($1.4m), James House Intervention Prevention Services Inc ($1.4m) and Innovation Works Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $101k (6.9% of expenses). Other salaries and wages came to $349k. At year end it held assets of $1.1m against liabilities of $136k, net assets of $999k. It reported 32 employees.