Gary Middle College Inc

Analysis

Gary Middle College Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 2019, 7 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 2023, Gary Middle College Inc reported income of $2.2m and spending of $2.1m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.2m (+68%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 99%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gary Middle College Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IN. Charities of a similar size with the same main cause include Miss Pollys Day Care Center ($2.2m), Early Excellence Project ($2.2m) and Coram Deo Academy Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.8% of the total. Other salaries and wages came to $808k. At year end it held assets of $1.6m against liabilities of $336k, net assets of $1.2m. It reported 24 employees.