Broad Ripple Village Association Inc

Analysis

Broad Ripple Village Association Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 2000, 26 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Broad Ripple Village Association Inc reported income of $184k and spending of $165k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $239k to $184k (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2021, when income rose by 293%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Broad Ripple Village Association Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within IN. Charities of a similar size with the same main cause include Community Loan Center of Greater Houston ($184k), Brooksville Vision Foundation Inc ($184k) and Stone Community Development Corporation NFP ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Other salaries and wages came to $71k. At year end it held assets of $283k against liabilities of $1,567, net assets of $281k. It reported 1 employees.