Indiana Cooperative Development Center Inc

Analysis

Indiana Cooperative Development Center Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 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 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 December 2023, Indiana Cooperative Development Center Inc reported income of $397k and spending of $476k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $302k to $397k (+31%), an average of +7.1% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Indiana Cooperative Development Center Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IN. Charities of a similar size with the same main cause include Leadership Greater Syracuse Inc ($397k), Merchant Row Association Corp ($397k) and Womans Club of Louisville Inc ($397k).

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 $286k against liabilities of $55k, net assets of $231k.