Indy Latin School Association Inc

Analysis

Indy Latin School Association Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in March 2018, 8 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, Indy Latin School Association Inc reported income of $1.7m and spending of $1.7m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $1.7m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2021, when income rose by 81%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Indy Latin School Association Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include Read Better Be Better ($1.7m), The Board of Jewish Education ($1.7m) and Kansas City Public Schools Education Foundation ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $82k (4.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.4m against liabilities of $1.3m, net assets of $2.1m. It reported 48 employees.