Indigo Support Corporation

Analysis

Indigo Support Corporation is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in November 2019, 7 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 supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Indigo Support Corporation reported income of $597k and spending of $788k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $597k (-68%), an average of -25% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 42% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Indigo Support Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Duke University Philanthropies Inc ($596k), Fund for Girard College ($597k) and Millersport Lions Sweet Corn Festival ($596k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $13.3m against liabilities of $11.2m, net assets of $2.1m.