Midtown Indianapolis Inc

Analysis

Midtown Indianapolis Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 2009, 17 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, Midtown Indianapolis Inc reported income of $432k and spending of $360k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $36k to $432k (+1106%), an average of +86% a year. The sharpest change came in the year to December 2020, when income rose by 378%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Midtown Indianapolis Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IN. Charities of a similar size with the same main cause include Midlands Education and Business Alliance ($431k), 100 Black Men of Greater Orlando Inc ($432k) and Church Community Coalition Inc ($431k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $95k (26% of expenses). Other salaries and wages came to $70k. At year end it held assets of $837k against liabilities of $605k, net assets of $232k. It reported 4 employees.