Indus Center for Academic Excellence

Analysis

Indus Center for Academic Excellence is a registered charity in United States, based in Lathrup VLG, MI. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Indus Center for Academic Excellence reported income of $186k and spending of $335k, spending 180% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $412k to $186k (-55%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 131% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Indus Center for Academic Excellence sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MI. Charities of a similar size with the same main cause include McNary Athletic Booster Club ($186k), SRCC Scholarship Fund ($187k) and Dover Exchange Club Childrens Foundation ($186k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $147k (44% of expenses). Other salaries and wages came to $71k. At year end it held assets of $1.5m against liabilities of $70k, net assets of $1.4m. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.