Cicp Foundation Inc

Analysis

Cicp Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 1999, 27 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cicp Foundation Inc reported income of $34.4m and spending of $32.8m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $25.8m to $34.4m (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2020, when income rose by 57%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cicp Foundation Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Center Industries Corporation ($34.2m), Goodwill Industries of Mid-Michigan Inc ($34.5m) and International Foundation of Employee Benefit Plans Inc ($34.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $43.7m against liabilities of $37.3m, net assets of $6.5m.