Hoosier Academy Inc
Hoosier Academy Inc. consistently operates on a break-even budget with declining assets and no reported officer compensation.
EIN: 205926653 · Indianapolis, IN · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.8M |
| Total Expenses | $7.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $26 |
| Net Assets | $392 |
| Transparency Score | 75/100 |
Is Hoosier Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hoosier Academy Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hoosier Academy Inc
Hoosier Academy Inc (EIN: 205926653) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code B29. The organization reported total revenue of $8.8M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hoosier Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hoosier Academy Inc is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.1M |
| Total Expenses | $7.1M |
| Surplus / Deficit | +$392 |
| Total Assets | $1.4M |
| Total Liabilities | $1.4M |
| Net Assets | $392 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 2.4 months |
Financial Health Grade: C
In 2023, Hoosier Academy Inc reported a surplus of $392 with revenue exceeding expenses, holds 2.4 months of operating reserves (limited), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hoosier Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.2% | +33.2% | -6.6% |
| 2022 | -8.7% | -8.7% | +12.5% |
| 2021 | -18.8% | -18.8% | +9.1% |
| 2020 | -4.4% | -4.4% | -80.5% |
| 2019 | -61.3% | -61.3% | -13.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hoosier Academy Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Hoosier Academy Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $392, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is unusual for an organization of this size, with revenues reaching over $26 million in some periods. This suggests either a fully volunteer executive team or that executive compensation is categorized differently within the financial statements, which could obscure a complete picture of leadership costs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Hoosier Academy Inc's IRS 990 filings:
- Significant and consistent decline in assets over the past decade, from $10.9M in 2014 to $1.7M currently.
- Consistent reporting of 0% officer compensation, which is unusual for an organization of this scale and could indicate a lack of transparency in executive remuneration.
- Operating consistently at near-break-even, which leaves little room for reserves or unexpected expenses.
Strengths
The following positive indicators were identified for Hoosier Academy Inc:
- Consistent operational management, with expenses closely matching revenues, indicating fiscal discipline.
- Long filing history (13 filings) suggests a sustained presence and commitment to reporting.
- Apparent focus on utilizing all available revenue for operations, as evidenced by the near-zero net income/deficit.
Frequently Asked Questions about Hoosier Academy Inc
Is Hoosier Academy Inc a legitimate charity?
Hoosier Academy Inc (EIN: 205926653) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $8.8M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Hoosier Academy Inc spend its money?
Hoosier Academy Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Hoosier Academy Inc tax-deductible?
Hoosier Academy Inc is registered as a tax-exempt nonprofit (EIN: 205926653). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hoosier Academy Inc CEO make?
Hoosier Academy Inc's highest-compensated officer earns $26 annually. The organization reported $8.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hoosier Academy Inc's spending goes to programs?
Hoosier Academy Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hoosier Academy Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hoosier Academy Inc is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hoosier Academy Inc located?
Hoosier Academy Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 205926653. It is classified under NTEE code B29.
How many years of IRS 990 filings does Hoosier Academy Inc have?
Hoosier Academy Inc has 13 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 $8.8M in total revenue.
Is Hoosier Academy Inc. financially stable?
Hoosier Academy Inc. appears to be operationally stable, consistently matching expenses to revenues, as evidenced by the 202306 period where revenue was $7,097,370 and expenses were $7,096,978. However, its asset base has significantly declined from a peak of $10.9 million in 2014 to $1.7 million currently, which could impact long-term resilience.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all 13 filings is unusual for an organization with annual revenues in the millions. This could indicate a volunteer-led executive team or that executive compensation is reported under other expense categories, making it less transparent.
What caused the significant decline in assets?
The organization's assets have seen a substantial decline from $10,902,311 in 2014 to $1,787,951 currently. A particularly sharp drop occurred between 2018 ($7,443,749) and 2019 ($6,424,098), and again to $1,251,227 in 2020. The provided data does not specify the reasons for this decline, but it warrants further investigation into asset management and investment strategies.
How efficient is Hoosier Academy Inc. in its spending?
Given the consistent near-break-even operations, Hoosier Academy Inc. appears to be efficient in managing its expenses to align with its revenues. Without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise efficiency ratio is difficult to calculate, but the overall financial management suggests a focus on utilizing available funds.
Filing History
IRS 990 filing history for Hoosier Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hoosier Academy Inc's revenue has grown by 69.3%, moving from $4.2M to $7.1M. Total assets decreased by 62.3% over the same period, from $3.8M to $1.4M. Total functional expenses rose by 66%, from $4.3M to $7.1M. In its most recent filing year (2023), Hoosier Academy Inc reported a surplus of $392, with revenue exceeding expenses. The organization holds $1.4M in liabilities against $1.4M in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $392.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.1M | $7.1M | $1.4M | $1.4M | — | — |
| 2022 | $5.3M | $5.3M | $1.5M | $1.5M | — | View 990 |
| 2021 | $5.8M | $5.8M | $1.4M | $1.4M | — | — |
| 2020 | $7.2M | $7.2M | $1.3M | $1.3M | — | View 990 |
| 2019 | $7.5M | $7.5M | $6.4M | $6.4M | — | View 990 |
| 2018 | $19.4M | $19.4M | $7.4M | $7.4M | — | View 990 |
| 2017 | $26.6M | $26.6M | $7.3M | $7.3M | — | View 990 |
| 2016 | $24.2M | $24.2M | $6.9M | $6.9M | — | View 990 |
| 2015 | $21.6M | $21.6M | $8.1M | $8.1M | — | View 990 |
| 2014 | $25.6M | $27.8M | $10.9M | $13.1M | — | View 990 |
| 2013 | $16.5M | $25.6M | $4.6M | $13.7M | — | View 990 |
| 2012 | $11.4M | $11.4M | $8.5M | $8.5M | — | View 990 |
| 2011 | $4.2M | $4.3M | $3.8M | $3.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.1M, expenses of $7.1M, and assets of $1.4M (revenue +33.2% year-over-year).
- 2022: Revenue of $5.3M, expenses of $5.3M, and assets of $1.5M (revenue -8.7% year-over-year).
- 2021: Revenue of $5.8M, expenses of $5.8M, and assets of $1.4M (revenue -18.8% year-over-year).
- 2020: Revenue of $7.2M, expenses of $7.2M, and assets of $1.3M (revenue -4.4% year-over-year).
- 2019: Revenue of $7.5M, expenses of $7.5M, and assets of $6.4M (revenue -61.3% year-over-year).
- 2018: Revenue of $19.4M, expenses of $19.4M, and assets of $7.4M (revenue -26.9% year-over-year).
- 2017: Revenue of $26.6M, expenses of $26.6M, and assets of $7.3M (revenue +9.5% year-over-year).
- 2016: Revenue of $24.2M, expenses of $24.2M, and assets of $6.9M (revenue +12.4% year-over-year).
- 2015: Revenue of $21.6M, expenses of $21.6M, and assets of $8.1M (revenue -15.7% year-over-year).
- 2014: Revenue of $25.6M, expenses of $27.8M, and assets of $10.9M (revenue +55.2% year-over-year).
- 2013: Revenue of $16.5M, expenses of $25.6M, and assets of $4.6M (revenue +44.1% year-over-year).
- 2012: Revenue of $11.4M, expenses of $11.4M, and assets of $8.5M (revenue +173.1% year-over-year).
- 2011: Revenue of $4.2M, expenses of $4.3M, and assets of $3.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hoosier Academy Inc:
Data Sources and Methodology
This transparency report for Hoosier Academy 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.