Indianafirst Inc

Analysis

Indianafirst Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 June 2023, Indianafirst Inc reported income of $342k and spending of $622k, spending 182% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $374k to $342k (-8.4%), an average of -2.2% a year. The sharpest change came in the year to June 2022, when income rose by 65%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Indianafirst Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IN. Charities of a similar size with the same main cause include Oklahoma State Firemens Museum Inc ($342k), Camden Repertory Theater Community Development Group ($342k) and True Skool Inc ($342k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $67k (11% of expenses). Other salaries and wages came to $142k. At year end it held assets of $99k against liabilities of $16k, net assets of $82k. It reported 4 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.