Teach Indy Inc

Analysis

Teach Indy Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Teach Indy Inc reported income of $289k and spending of $494k, spending 171% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $511k to $289k (-43%), an average of -25% a year. The sharpest change came in the year to June 2023, when income dropped by 26%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Teach Indy Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IN. Charities of a similar size with the same main cause include Pennsbury Scholarship Foundation ($289k), Ralph David Abernathy III Foundation Inc ($289k) and Dublin Community Pre School Inc ($289k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $150k (30% of expenses). Other salaries and wages came to $60k. At year end it held assets of $300k against liabilities of $13k, net assets of $287k. It reported 2 employees.