Hoosiers For Quality Education Inc
EIN: 261280876 · Indianapolis, IN · NTEE: S30
| Metric | Value |
|---|---|
| Total Revenue | $236K |
| Total Expenses | $703K |
| Net Assets | $860K |
Is Hoosiers For Quality Education Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hoosiers For Quality Education Inc
Hoosiers For Quality Education Inc (EIN: 261280876) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code S30. The organization reported total revenue of $236K and total assets of $859K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hoosiers For Quality Education Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hoosiers For Quality Education Inc is a small nonprofit that has been operating for 16 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 22.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $958K |
| Total Expenses | $703K |
| Surplus / Deficit | +$255K |
| Total Assets | $869K |
| Total Liabilities | $9K |
| Net Assets | $860K |
| Operating Margin | 26.6% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 14.8 months |
Financial Health Grade: A
In 2023, Hoosiers For Quality Education Inc reported a surplus of $255K with revenue exceeding expenses, holds 14.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Hoosiers For Quality Education Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +139.4% | +142.1% | +41.5% |
| 2022 | +82.4% | +151.6% | +21.7% |
| 2021 | -24.6% | +25.2% | +14.2% |
| 2020 | +191.0% | +118.6% | +119.1% |
| 2019 | +0.0% | -29.5% | +39.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hoosiers For Quality Education 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 Hoosiers For Quality Education 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 surplus of $255K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Frequently Asked Questions about Hoosiers For Quality Education Inc
Is Hoosiers For Quality Education Inc a legitimate charity?
Hoosiers For Quality Education Inc (EIN: 261280876) is a registered tax-exempt nonprofit based in Indiana. It has 12 years of IRS 990 filings on record. Total revenue: $236K. No red flags identified. Financial health grade: A.
How does Hoosiers For Quality Education Inc spend its money?
Hoosiers For Quality Education Inc reported $236K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hoosiers For Quality Education Inc tax-deductible?
Hoosiers For Quality Education Inc is registered as a tax-exempt nonprofit (EIN: 261280876). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hoosiers For Quality Education Inc located?
Hoosiers For Quality Education Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 261280876. It is classified under NTEE code S30.
How many years of IRS 990 filings does Hoosiers For Quality Education Inc have?
Hoosiers For Quality Education Inc has 12 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 $236K in total revenue.
Filing History
IRS 990 filing history for Hoosiers For Quality Education Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Hoosiers For Quality Education Inc's revenue has grown by 833.7%, moving from $103K to $958K. Total assets increased by 2389.8% over the same period, from $35K to $869K. Total functional expenses rose by 402.1%, from $140K to $703K. In its most recent filing year (2023), Hoosiers For Quality Education Inc reported a surplus of $255K, with revenue exceeding expenses. The organization holds $9K in liabilities against $869K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $860K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $958K | $703K | $869K | $9K | — | — |
| 2022 | $400K | $290K | $614K | $9K | — | View 990 |
| 2021 | $219K | $115K | $505K | $9K | — | View 990 |
| 2020 | $291K | $92K | $442K | $50K | — | — |
| 2019 | $100K | $42K | $202K | $9K | — | View 990 |
| 2018 | $100K | $60K | $145K | $41K | — | View 990 |
| 2017 | $187K | $189K | $106K | $42K | — | View 990 |
| 2016 | $212K | $231K | $148K | $82K | — | View 990 |
| 2015 | $230K | $408K | $119K | $34K | — | View 990 |
| 2014 | $479K | $295K | $285K | $23K | — | View 990 |
| 2013 | $342K | $299K | $78K | $0 | — | View 990 |
| 2012 | $103K | $140K | $35K | $200 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $958K, expenses of $703K, and assets of $869K (revenue +139.4% year-over-year).
- 2022: Revenue of $400K, expenses of $290K, and assets of $614K (revenue +82.4% year-over-year).
- 2021: Revenue of $219K, expenses of $115K, and assets of $505K (revenue -24.6% year-over-year).
- 2020: Revenue of $291K, expenses of $92K, and assets of $442K (revenue +191.0% year-over-year).
- 2019: Revenue of $100K, expenses of $42K, and assets of $202K (revenue +0.0% year-over-year).
- 2018: Revenue of $100K, expenses of $60K, and assets of $145K (revenue -46.6% year-over-year).
- 2017: Revenue of $187K, expenses of $189K, and assets of $106K (revenue -11.6% year-over-year).
- 2016: Revenue of $212K, expenses of $231K, and assets of $148K (revenue -7.8% year-over-year).
- 2015: Revenue of $230K, expenses of $408K, and assets of $119K (revenue -52.0% year-over-year).
- 2014: Revenue of $479K, expenses of $295K, and assets of $285K (revenue +40.1% year-over-year).
- 2013: Revenue of $342K, expenses of $299K, and assets of $78K (revenue +233.6% year-over-year).
- 2012: Revenue of $103K, expenses of $140K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hoosiers For Quality Education Inc:
Data Sources and Methodology
This transparency report for Hoosiers For Quality Education 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.