Indigokid Club Inc

Analysis

Indigokid Club Inc is a registered charity in United States, based in Westwood, NJ. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Indigokid Club Inc reported income of $705k and spending of $816k, spending 116% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $368k to $705k (+91%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Indigokid Club Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include New Classical Academy Incorporated ($705k), Creative Arts & Attractions ($705k) and Chestnut Hill Academy Parents and Teachers Ensuring Results ($705k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.0% and program service revenue 92% of the total. Other salaries and wages came to $513k. At year end it held assets of $292k against liabilities of $327k, net assets of -$35k. It reported 14 employees.