Northeast Indiana Foundation Inc

Analysis

Northeast Indiana Foundation Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Northeast Indiana Foundation Inc reported income of $455k and spending of $313k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $840k to $455k (-46%), an average of -14% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northeast Indiana Foundation 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 69th percentile, and in the 69th percentile within IN. Charities of a similar size with the same main cause include GP Lens Institute ($455k), Sandpoint Resource Center Inc ($455k) and Xlr8x ($455k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 38% of the total. Other salaries and wages came to $169k. At year end it held assets of $700k against liabilities of $283k, net assets of $417k.