Indianapolis Cars and Coffee Inc

Analysis

Indianapolis Cars and Coffee Inc is a registered charity in United States, based in Speedway, IN. It received its IRS tax-exemption ruling in February 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Indianapolis Cars and Coffee Inc reported income of $83k and spending of $81k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $83k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Indianapolis Cars and Coffee Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within IN. Charities of a similar size with the same main cause include Prominent Youth of America ($83k), Cherry Creek School District Parent Teacher Community Council Inc ($83k) and Boys and Girls Club of Mission Inc ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.