Indy Network Inc

Analysis

Indy Network Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Indy Network Inc reported income of $60k and spending of $84k, spending 139% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $100k to $60k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Indy Network Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 20th percentile within IN. Charities of a similar size with the same main cause include Junior League of Columbus Ga Inc ($60k), Fearless Foundation ($60k) and Whitmore Economic Development Group ($60k).

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 $32k against liabilities of $0, net assets of $32k.