Indy Foundation

Analysis

Indy Foundation is a registered charity in United States, based in Waite Park, MN. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Indy Foundation reported income of $323k and spending of $142k, leaving 56% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $216k to $323k (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 54% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Indy Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within MN. Charities of a similar size with the same main cause include Parkland Cares Inc ($323k), Community Chest of Englewood ($323k) and Buck Fifty Inc ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% of the total. Compensation of current officers, directors and key employees was $11k (7.7% of expenses). At year end it held assets of $392k against liabilities of $0, net assets of $392k.