Indian Center Inc

Analysis

Indian Center Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in February 1971, 55 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Indian Center Inc reported income of $74k and spending of $164k, spending 222% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $315k to $74k (-77%), an average of -30% a year. The sharpest change came in the year to June 2022, when income rose by 233%. Over the whole period it spent 137% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Indian Center Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within NE. Charities of a similar size with the same main cause include 29 Palms Community Food Pantry & Outreach Ministries Inc ($74k), Self Sufficiency Inc ($74k) and Palestine Community Food Pantry ($74k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 128% of the total. Compensation of current officers, directors and key employees was $49k (30% of expenses). Other salaries and wages came to $1,974. At year end it held assets of $1.0m against liabilities of $1.1m, net assets of -$52k.