Indy Idea Hub

Analysis

Indy Idea Hub is a registered charity in United States, based in Independence, OR. It received its IRS tax-exemption ruling in May 2024, 2 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Indy Idea Hub reported income of $67k and spending of $184k, spending 276% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $73k to $67k (-8.5%), an average of -2.9% a year. The sharpest change came in the year to December 2022, when income rose by 405%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Indy Idea Hub sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within OR. Charities of a similar size with the same main cause include Greater North Louisiana Community Development Corporation ($67k), Rotary Youth Activities Incorporated ($67k) and Moville Community Development Association Inc ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.