Indianapolis Ministries 1 Inc

Analysis

Indianapolis Ministries 1 Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Ministries 1 Inc reported income of $743k and spending of $1.1m, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $662k to $743k (+12%), an average of +2.9% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Indianapolis Ministries 1 Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CO. Charities of a similar size with the same main cause include Orchard Terrace Non - Profit Elderly Housing Corp ($743k), Geneva Avenue Elderly Housing Inc ($743k) and CCSN Sro Inc ($742k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. At year end it held assets of $2.3m against liabilities of $1.9m, net assets of $353k.