Indy Hub Foundation Inc

Analysis

Indy Hub Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Indy Hub Foundation Inc reported income of $242k and spending of $261k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $218k to $242k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Indy Hub Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within IN. Charities of a similar size with the same main cause include Womens Fund of Greater Chattanooga ($242k), Rotary Club of Lakewood Washington Charitable Fund ($242k) and Erasmus Neighborhood Federation Inc ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $76k (29% of expenses). Other salaries and wages came to $64k. At year end it held assets of $34k against liabilities of $12k, net assets of $22k.