Indiana Veteran Initiative Inc

Analysis

Indiana Veteran Initiative Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2023, Indiana Veteran Initiative Inc reported income of $1.2m and spending of $1.2m, spending 98% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $374k to $1.2m (+224%), an average of +80% a year. The sharpest change came in the year to June 2022, when income rose by 211%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Indiana Veteran Initiative Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within IN. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.2m), United Health Services of St Joseph County Inc ($1.2m) and Catholic Charities of Yolo-Solano ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $126k (11% of expenses). Other salaries and wages came to $410k. At year end it held assets of $607k against liabilities of $380k, net assets of $227k. It reported 12 employees.