Indianola Educational Foundation Inc

Analysis

Indianola Educational Foundation Inc is a registered charity in United States, based in Indianola, MS. It received its IRS tax-exemption ruling in March 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Indianola Educational Foundation Inc reported income of $4.1m and spending of $3.4m, spending 84% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.3m to $4.1m (+78%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 105%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Indianola Educational Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within MS. Charities of a similar size with the same main cause include Metropolitan Seattle Jewish Day School ($4.1m), Bet Yaakov of the Jersey Shore Inc ($4.1m) and Thomas Jefferson Charter School ($4.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 25% and program service revenue 62% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $8.7m against liabilities of $359k, net assets of $8.4m. It reported 65 employees.