Indiana Economic Development Association Foundation
Indiana Economic Development Association Foundation shows volatile finances with recent significant deficit and asset decline.
EIN: 203318486 · Indianapolis, IN · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $251K |
| Total Expenses | $290K |
| Program Spending | 70% |
| Net Assets | $51K |
| Transparency Score | 65/100 |
Is Indiana Economic Development Association Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Indiana Economic Development Association Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Indiana Economic Development Association Foundation
Indiana Economic Development Association Foundation (EIN: 203318486) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code S30. The organization reported total revenue of $251K and total assets of $246K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Indiana Economic Development Association Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Indiana Economic Development Association Foundation is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $87K |
| Total Expenses | $290K |
| Surplus / Deficit | $-203,369 |
| Total Assets | $64K |
| Total Liabilities | $13K |
| Net Assets | $51K |
| Operating Margin | -234.5% |
| Debt-to-Asset Ratio | 20.8% |
| Months of Reserves | 2.7 months |
Financial Health Grade: C
In 2023, Indiana Economic Development Association Foundation reported a deficit of $203K with expenses exceeding revenue, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 20.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Indiana Economic Development Association Foundation's revenue has grown at a compound annual growth rate (CAGR) of 16.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.0% | +309.4% | -76.1% |
| 2022 | +62.1% | +149.1% | +51.1% |
| 2021 | +504.1% | +33.5% | +45.1% |
| 2020 | +14.8% | -16.2% | +0.6% |
| 2019 | -80.0% | -36.8% | -9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Indiana Economic Development Association Foundation with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Indiana Economic Development Association Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $203K, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.8%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly favorable for donor perception and resource allocation.
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 Indiana Economic Development Association Foundation's IRS 990 filings:
- Significant revenue volatility year-over-year (e.g., $1,561 in 2014 vs. $147,127 in 2022).
- Expenses frequently exceeding revenue, leading to deficits (e.g., 2023, 2020, 2019, 2016).
- Sharp decline in assets from $268,926 in 2022 to $64,277 in 2023 due to high expenses.
Strengths
The following positive indicators were identified for Indiana Economic Development Association Foundation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
- Long history of IRS 990 filings (13 filings), demonstrating commitment to transparency.
- Periods of strong revenue generation and asset growth (e.g., 2022 revenue of $147,127 exceeding expenses of $70,854).
Frequently Asked Questions about Indiana Economic Development Association Foundation
Is Indiana Economic Development Association Foundation a legitimate charity?
Indiana Economic Development Association Foundation (EIN: 203318486) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $251K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Indiana Economic Development Association Foundation spend its money?
Indiana Economic Development Association Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Indiana Economic Development Association Foundation tax-deductible?
Indiana Economic Development Association Foundation is registered as a tax-exempt nonprofit (EIN: 203318486). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Indiana Economic Development Association Foundation's spending goes to programs?
Indiana Economic Development Association Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Indiana Economic Development Association Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Indiana Economic Development Association Foundation is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Indiana Economic Development Association Foundation located?
Indiana Economic Development Association Foundation is headquartered in Indianapolis, Indiana and files with the IRS under EIN 203318486. It is classified under NTEE code S30.
How many years of IRS 990 filings does Indiana Economic Development Association Foundation have?
Indiana Economic Development Association Foundation 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 $251K in total revenue.
Why did expenses significantly exceed revenue in 2023 ($290,107 vs $86,738)?
The 2023 filing shows a substantial deficit, with expenses more than three times the revenue. This could indicate a one-time large project, a significant operational change, or a period of financial strain.
What caused the sharp decrease in assets from $268,926 in 2022 to $64,277 in 2023?
The significant drop in assets is likely a direct consequence of the large deficit incurred in 2023, where expenses far outstripped revenue, requiring the organization to draw down its reserves.
How does the organization sustain operations with such volatile revenue streams?
The revenue has fluctuated wildly, from $1,561 in 2014 to $147,127 in 2022. This volatility suggests a reliance on inconsistent funding sources or project-based income, which can make long-term financial planning challenging.
What are the primary program activities that justify the expense levels?
Without a detailed functional expense statement, it's unclear how the expenses, particularly the high ones in certain years, are allocated to specific program activities related to economic development.
Filing History
IRS 990 filing history for Indiana Economic Development Association Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Indiana Economic Development Association Foundation's revenue has grown by 544.1%, moving from $13K to $87K. Total assets decreased by 4.3% over the same period, from $67K to $64K. Total functional expenses rose by 1855.2%, from $15K to $290K. In its most recent filing year (2023), Indiana Economic Development Association Foundation reported a deficit of $203K, with expenses exceeding revenue. The organization holds $13K in liabilities against $64K in assets (debt-to-asset ratio: 20.8%), resulting in net assets of $51K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $87K | $290K | $64K | $13K | — | — |
| 2022 | $147K | $71K | $269K | $15K | — | View 990 |
| 2021 | $91K | $28K | $178K | $0 | — | View 990 |
| 2020 | $15K | $21K | $123K | $7K | — | View 990 |
| 2019 | $13K | $25K | $122K | $0 | — | View 990 |
| 2018 | $65K | $40K | $134K | $0 | — | View 990 |
| 2017 | $33K | $16K | $118K | $9K | — | View 990 |
| 2016 | $55K | $116K | $105K | $12K | — | View 990 |
| 2015 | $120K | $34K | $172K | $18K | — | View 990 |
| 2014 | $2K | $2K | $68K | $0 | — | View 990 |
| 2013 | $2K | $2K | $68K | $0 | — | View 990 |
| 2012 | $3K | $3K | $69K | $1K | — | View 990 |
| 2011 | $13K | $15K | $67K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $87K, expenses of $290K, and assets of $64K (revenue -41.0% year-over-year).
- 2022: Revenue of $147K, expenses of $71K, and assets of $269K (revenue +62.1% year-over-year).
- 2021: Revenue of $91K, expenses of $28K, and assets of $178K (revenue +504.1% year-over-year).
- 2020: Revenue of $15K, expenses of $21K, and assets of $123K (revenue +14.8% year-over-year).
- 2019: Revenue of $13K, expenses of $25K, and assets of $122K (revenue -80.0% year-over-year).
- 2018: Revenue of $65K, expenses of $40K, and assets of $134K (revenue +100.5% year-over-year).
- 2017: Revenue of $33K, expenses of $16K, and assets of $118K (revenue -40.3% year-over-year).
- 2016: Revenue of $55K, expenses of $116K, and assets of $105K (revenue -54.4% year-over-year).
- 2015: Revenue of $120K, expenses of $34K, and assets of $172K (revenue +7582.4% year-over-year).
- 2014: Revenue of $2K, expenses of $2K, and assets of $68K (revenue -8.5% year-over-year).
- 2013: Revenue of $2K, expenses of $2K, and assets of $68K (revenue -48.5% year-over-year).
- 2012: Revenue of $3K, expenses of $3K, and assets of $69K (revenue -75.4% year-over-year).
- 2011: Revenue of $13K, expenses of $15K, and assets of $67K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Indiana Economic Development Association Foundation:
Data Sources and Methodology
This transparency report for Indiana Economic Development Association Foundation 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.