Indianapolis Jewish Home Inc Hooverwood

Analysis

Indianapolis Jewish Home Inc Hooverwood is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 1957, 69 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Indianapolis Jewish Home Inc Hooverwood reported income of $31.5m and spending of $26.7m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.2m to $31.5m (+49%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Indianapolis Jewish Home Inc Hooverwood sits at the 91st percentile: it is larger than about 91% 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 Penn Mar Organization Inc ($31.5m), Lasante Health Center Inc ($31.6m) and Creighton University Arizona Health Education Alliance ($31.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $596k (2.2% of expenses). Other salaries and wages came to $11.2m. At year end it held assets of $53.6m against liabilities of $15.3m, net assets of $38.2m. It reported 346 employees.