Indy Car Ministry Inc

Analysis

Indy Car Ministry Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Indy Car Ministry Inc reported income of $206k and spending of $249k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $119k to $206k (+72%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 117% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Indy Car Ministry Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within IN. Charities of a similar size with the same main cause include Larry Hutton Ministries Inc ($206k), Lighthouse Worship Center Churches ($206k) and Waterboyz for Jesus Inc ($206k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $106k. At year end it held assets of -$43k against liabilities of $0, net assets of -$43k.