Indiana Economic Development Foundation Inc
Indiana Economic Development Foundation Inc. shows substantial growth in revenue and assets.
EIN: 202664607 · Indianapolis, IN · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $957K |
| Program Spending | 75% |
| Net Assets | $1.1M |
| Transparency Score | 85/100 |
Is Indiana Economic Development Foundation Inc 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 Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Indiana Economic Development Foundation Inc
Indiana Economic Development Foundation Inc (EIN: 202664607) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code S30. The organization reported total revenue of $3.2M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Indiana Economic Development Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Indiana Economic Development Foundation Inc is a mid-size nonprofit that has been operating for 19 years.
Key Financial Metrics (2011)
From the most recent IRS 990 filing on record:
| Total Revenue | $919K |
| Total Expenses | $957K |
| Surplus / Deficit | $-38,578 |
| Total Assets | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | -4.2% |
| Months of Reserves | 13.2 months |
Financial Health Grade: B
In 2011, Indiana Economic Development Foundation Inc reported a deficit of $39K with expenses exceeding revenue, holds 13.2 months of operating reserves (strong position).
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 Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Indiana Economic Development Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2011)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $39K, with expenses exceeding revenue.
Executive Compensation Analysis
The 2011 filing reported 0% officer compensation, suggesting that at least in that period, executive leadership was either unpaid or compensated through other means, which is a strong indicator of efficient resource allocation for an organization of its size at that time.
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 Foundation Inc's IRS 990 filings:
- Limited detailed financial data for the latest fiscal period to assess spending efficiency.
Strengths
The following positive indicators were identified for Indiana Economic Development Foundation Inc:
- Significant growth in revenue from $918,816 to $3,246,134.
- Substantial increase in assets from $1,054,237 to $3,632,673.
- No reported liabilities in the 2011 filing, indicating financial stability.
- 0% officer compensation reported in 2011, suggesting efficient use of funds at that time.
Frequently Asked Questions about Indiana Economic Development Foundation Inc
Is Indiana Economic Development Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Indiana Economic Development Foundation Inc (EIN: 202664607) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Indiana Economic Development Foundation Inc spend its money?
Indiana Economic Development Foundation Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Indiana Economic Development Foundation Inc tax-deductible?
Indiana Economic Development Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202664607). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Indiana Economic Development Foundation Inc's spending goes to programs?
Indiana Economic Development Foundation Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Indiana Economic Development Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Indiana Economic Development Foundation Inc 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 Foundation Inc located?
Indiana Economic Development Foundation Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 202664607. It is classified under NTEE code S30.
What is the current breakdown of program, administrative, and fundraising expenses for the latest fiscal year?
This information is not available in the provided data, which only includes a high-level overview of revenue and expenses for the latest period and a detailed breakdown for 2011.
Has the organization started compensating officers or key employees in recent years?
The provided data only states 0% officer compensation for the 2011 period. Information for subsequent periods is not available.
What specific programs does the Indiana Economic Development Foundation Inc. fund or operate?
The NTEE code S30 indicates 'Economic Development,' but specific program details are not available in the provided financial summary.
Filing History
IRS 990 filing history for Indiana Economic Development Foundation Inc showing financial trends over 1 year of public records:
In its most recent filing year (2011), Indiana Economic Development Foundation Inc reported a deficit of $39K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2011 | $919K | $957K | $1.1M | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Indiana Economic Development Foundation Inc:
Data Sources and Methodology
This transparency report for Indiana Economic Development Foundation 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.