Business Ownership Initiative Of Indiana Inc
EIN: 352028160 · Indianapolis, IN · NTEE: S20
| Metric | Value |
|---|---|
| Total Revenue | $974K |
| Total Expenses | $1.8M |
| Net Assets | $2.8M |
Is Business Ownership Initiative Of Indiana Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Business Ownership Initiative Of Indiana Inc
Business Ownership Initiative Of Indiana Inc (EIN: 352028160) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code S20. The organization reported total revenue of $974K and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Business Ownership Initiative Of Indiana Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Business Ownership Initiative Of Indiana Inc is a small nonprofit that has been operating for 28 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-69,668 |
| Total Assets | $7.6M |
| Total Liabilities | $4.7M |
| Net Assets | $2.8M |
| Operating Margin | -4.1% |
| Debt-to-Asset Ratio | 62.6% |
| Months of Reserves | 50.9 months |
Financial Health Grade: C
In 2023, Business Ownership Initiative Of Indiana Inc reported a deficit of $70K with expenses exceeding revenue, holds 50.9 months of operating reserves (strong position), has a debt-to-asset ratio of 62.6% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Business Ownership Initiative Of Indiana Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +101.9% | +44.8% | -7.3% |
| 2022 | -36.8% | -27.4% | -17.1% |
| 2021 | -92.7% | -89.1% | -9.1% |
| 2020 | +1652.7% | +1336.9% | +298.1% |
| 2019 | +16.1% | +5.3% | +1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Business Ownership Initiative Of Indiana Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Business Ownership Initiative Of Indiana Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $70K, with expenses exceeding revenue.
- Debt-to-asset ratio: 62.6%.
Frequently Asked Questions about Business Ownership Initiative Of Indiana Inc
Is Business Ownership Initiative Of Indiana Inc a legitimate charity?
Business Ownership Initiative Of Indiana Inc (EIN: 352028160) is a registered tax-exempt nonprofit based in Indiana. It has 14 years of IRS 990 filings on record. Total revenue: $974K. No red flags identified. Financial health grade: C.
How does Business Ownership Initiative Of Indiana Inc spend its money?
Business Ownership Initiative Of Indiana Inc reported $974K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Business Ownership Initiative Of Indiana Inc tax-deductible?
Business Ownership Initiative Of Indiana Inc is registered as a tax-exempt nonprofit (EIN: 352028160). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Business Ownership Initiative Of Indiana Inc located?
Business Ownership Initiative Of Indiana Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 352028160. It is classified under NTEE code S20.
How many years of IRS 990 filings does Business Ownership Initiative Of Indiana Inc have?
Business Ownership Initiative Of Indiana Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $974K in total revenue.
Filing History
IRS 990 filing history for Business Ownership Initiative Of Indiana Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Business Ownership Initiative Of Indiana Inc's revenue has grown by 306%, moving from $422K to $1.7M. Total assets increased by 11584.4% over the same period, from $65K to $7.6M. Total functional expenses rose by 313.8%, from $431K to $1.8M. In its most recent filing year (2023), Business Ownership Initiative Of Indiana Inc reported a deficit of $70K, with expenses exceeding revenue. The organization holds $4.7M in liabilities against $7.6M in assets (debt-to-asset ratio: 62.6%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.8M | $7.6M | $4.7M | — | — |
| 2022 | $848K | $1.2M | $8.2M | $5.3M | — | View 990 |
| 2021 | $1.3M | $1.7M | $9.8M | $6.6M | — | View 990 |
| 2020 | $18.5M | $15.5M | $10.8M | $7.2M | — | View 990 |
| 2019 | $1.1M | $1.1M | $2.7M | $2.1M | — | View 990 |
| 2018 | $909K | $1.0M | $2.7M | $2.0M | — | View 990 |
| 2017 | $1.2M | $1.1M | $2.6M | $1.8M | — | View 990 |
| 2016 | $938K | $716K | $2.6M | $2.0M | — | View 990 |
| 2015 | $1.0M | $580K | $2.3M | $1.8M | — | View 990 |
| 2014 | $574K | $626K | $1.9M | $1.9M | — | View 990 |
| 2013 | $684K | $697K | $2.2M | $2.1M | — | View 990 |
| 2012 | $422K | $394K | $172K | $101K | — | View 990 |
| 2011 | $393K | $321K | $219K | $85K | — | View 990 |
| 2010 | $422K | $431K | $65K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.8M, and assets of $7.6M (revenue +101.9% year-over-year).
- 2022: Revenue of $848K, expenses of $1.2M, and assets of $8.2M (revenue -36.8% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.7M, and assets of $9.8M (revenue -92.7% year-over-year).
- 2020: Revenue of $18.5M, expenses of $15.5M, and assets of $10.8M (revenue +1652.7% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $2.7M (revenue +16.1% year-over-year).
- 2018: Revenue of $909K, expenses of $1.0M, and assets of $2.7M (revenue -26.6% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.1M, and assets of $2.6M (revenue +31.9% year-over-year).
- 2016: Revenue of $938K, expenses of $716K, and assets of $2.6M (revenue -6.5% year-over-year).
- 2015: Revenue of $1.0M, expenses of $580K, and assets of $2.3M (revenue +74.8% year-over-year).
- 2014: Revenue of $574K, expenses of $626K, and assets of $1.9M (revenue -16.0% year-over-year).
- 2013: Revenue of $684K, expenses of $697K, and assets of $2.2M (revenue +62.1% year-over-year).
- 2012: Revenue of $422K, expenses of $394K, and assets of $172K (revenue +7.5% year-over-year).
- 2011: Revenue of $393K, expenses of $321K, and assets of $219K (revenue -6.9% year-over-year).
- 2010: Revenue of $422K, expenses of $431K, and assets of $65K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Business Ownership Initiative Of Indiana Inc:
Data Sources and Methodology
This transparency report for Business Ownership Initiative Of Indiana Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.