Indiana Destination Development Foundation Inc

Analysis

Indiana Destination Development Foundation 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Indiana Destination Development Foundation Inc reported income of $1.2m and spending of $701k, leaving 43% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $587k to $1.2m (+109%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 37% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Indiana Destination Development Foundation 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 Handweavers Guild of America Inc ($1.2m), Eastland County Open Door ($1.2m) and Citizen Action of Wisconsin Education Fund Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.6% and program service revenue 90% of the total. Other salaries and wages came to $2,323. At year end it held assets of $1.4m against liabilities of $29k, net assets of $1.3m.