Hoosier State Press Association Foundation Inc

Analysis

Hoosier State Press Association Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Hoosier State Press Association Foundation Inc reported income of $152k and spending of $128k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $236k to $152k (-36%), an average of -10% a year. The sharpest change came in the year to December 2023, when income rose by 280%. Over the whole period it spent 118% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hoosier State Press Association Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within IN. Charities of a similar size with the same main cause include Patriot Project ($152k), Michigan Alliance of Union Painting Contractors-Industry Advancement ($152k) and Harmony Farm Sanctuary ($152k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.