Indi-Ed Foundation Inc

Analysis

Indi-Ed Foundation Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in February 2016, 10 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, Indi-Ed Foundation Inc reported income of $858k and spending of $539k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $351k to $858k (+144%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Indi-Ed Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Step-Student Expedition Program Inc ($858k), Kansas Bioscience Organization ($858k) and Galesburg Public Library Foundation ($857k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $75k (14% of expenses). Other salaries and wages came to $165k. At year end it held assets of $543k against liabilities of $15k, net assets of $528k. It reported 4 employees.