Indiana Credit Union Foundation Inc

Analysis

Indiana Credit Union Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Indiana Credit Union Foundation Inc reported income of $56k and spending of $49k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $56k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Indiana Credit Union Foundation Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 19th percentile within IN. Charities of a similar size with the same main cause include Plentywood Wildcat Booster Club ($56k), Hillview Home & School Association ($56k) and Cessna 150-152 Fly-In Foundation ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $215k against liabilities of $1,922, net assets of $213k.