Indiana Math And Science Academy Indianapolis Inc
Indiana Math And Science Academy Indianapolis Inc. shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 205751308 · Indianapolis, IN · NTEE: B290 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.7M |
| Total Expenses | $7.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $9 |
| Net Assets | $6.2M |
| Transparency Score | 88/100 |
Is Indiana Math And Science Academy Indianapolis Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Indiana Math And Science Academy Indianapolis Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Indiana Math And Science Academy Indianapolis Inc
Indiana Math And Science Academy Indianapolis Inc (EIN: 205751308) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code B290. The organization reported total revenue of $8.7M and total assets of $8.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Indiana Math And Science Academy Indianapolis Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Indiana Math And Science Academy Indianapolis Inc is a mid-size nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.4M |
| Total Expenses | $7.6M |
| Surplus / Deficit | +$1.8M |
| Total Assets | $8.4M |
| Total Liabilities | $2.2M |
| Net Assets | $6.2M |
| Operating Margin | 19.0% |
| Debt-to-Asset Ratio | 26.7% |
| Months of Reserves | 13.3 months |
Financial Health Grade: A
In 2023, Indiana Math And Science Academy Indianapolis Inc reported a surplus of $1.8M with revenue exceeding expenses, holds 13.3 months of operating reserves (strong position), has a debt-to-asset ratio of 26.7% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Indiana Math And Science Academy Indianapolis Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.2% | +11.8% | +30.6% |
| 2022 | +2.6% | +14.6% | +10.3% |
| 2021 | +21.5% | +8.5% | +13.9% |
| 2020 | +8.7% | +-0.0% | +24.1% |
| 2019 | +1.0% | +0.9% | -8.0% |
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 Math And Science Academy Indianapolis Inc with a Mission Score of 88 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Indiana Math And Science Academy Indianapolis Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $1.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with revenues exceeding $9 million. This suggests either a fully volunteer executive leadership or that executive compensation is categorized under other expense lines, which could impact the transparency of administrative 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 Indiana Math And Science Academy Indianapolis Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further investigation into how executive leadership is compensated or structured.
Strengths
The following positive indicators were identified for Indiana Math And Science Academy Indianapolis Inc:
- Consistent revenue growth, increasing from $4,683,536 in 2015 to $9,380,764 in 2023.
- Strong financial health with consistent annual surpluses, contributing to significant asset accumulation.
- Healthy asset base of $8,398,266 in 2023, providing financial stability.
- Expenses consistently lower than revenue, indicating efficient financial management.
- Clear mission alignment with NTEE code B290 (Elementary & Secondary Education).
Frequently Asked Questions about Indiana Math And Science Academy Indianapolis Inc
Is Indiana Math And Science Academy Indianapolis Inc a legitimate charity?
Indiana Math And Science Academy Indianapolis Inc (EIN: 205751308) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 88/100. It has 14 years of IRS 990 filings on record. Total revenue: $8.7M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Indiana Math And Science Academy Indianapolis Inc spend its money?
Indiana Math And Science Academy Indianapolis Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Indiana Math And Science Academy Indianapolis Inc tax-deductible?
Indiana Math And Science Academy Indianapolis Inc is registered as a tax-exempt nonprofit (EIN: 205751308). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Indiana Math And Science Academy Indianapolis Inc CEO make?
Indiana Math And Science Academy Indianapolis Inc's highest-compensated officer earns $9 annually. The organization reported $8.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Indiana Math And Science Academy Indianapolis Inc's spending goes to programs?
Indiana Math And Science Academy Indianapolis Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Indiana Math And Science Academy Indianapolis Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Indiana Math And Science Academy Indianapolis Inc is above average for NTEE category B290 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Indiana Math And Science Academy Indianapolis Inc located?
Indiana Math And Science Academy Indianapolis Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 205751308. It is classified under NTEE code B290.
How many years of IRS 990 filings does Indiana Math And Science Academy Indianapolis Inc have?
Indiana Math And Science Academy Indianapolis 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 $8.7M in total revenue.
How does Indiana Math And Science Academy Indianapolis Inc. manage to report 0% officer compensation given its scale?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with revenues exceeding $9 million. This could indicate that executive leadership is entirely volunteer-based, or that compensation for key management personnel is categorized under other expense lines, such as program or administrative salaries, rather than 'officer compensation' specifically. Further investigation into detailed expense breakdowns would be necessary to clarify this.
What is the primary driver of the significant asset growth from $1,057,878 in 2014 to $8,398,266 in 2023?
The significant asset growth is primarily driven by consistent annual surpluses, where revenues have exceeded expenses. For example, in 2023, revenue was $9,380,764 and expenses were $7,597,726, resulting in a surplus of over $1.7 million. This pattern of generating more revenue than expenses year over year allows for the accumulation of assets.
Is the organization's increasing liability a concern?
While liabilities have increased from $382,300 in 2014 to $2,241,636 in 2023, they remain well-covered by the organization's growing assets. In 2023, assets were $8,398,266, significantly exceeding liabilities. This indicates that the organization has sufficient resources to meet its financial obligations and the increase in liabilities likely reflects strategic investments or operational growth rather than financial distress.
Filing History
IRS 990 filing history for Indiana Math And Science Academy Indianapolis Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Indiana Math And Science Academy Indianapolis Inc's revenue has grown by 145.2%, moving from $3.8M to $9.4M. Total assets increased by 203.3% over the same period, from $2.8M to $8.4M. Total functional expenses rose by 117.9%, from $3.5M to $7.6M. In its most recent filing year (2023), Indiana Math And Science Academy Indianapolis Inc reported a surplus of $1.8M, with revenue exceeding expenses. The organization holds $2.2M in liabilities against $8.4M in assets (debt-to-asset ratio: 26.7%), resulting in net assets of $6.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.4M | $7.6M | $8.4M | $2.2M | — | View 990 |
| 2022 | $7.7M | $6.8M | $6.4M | $2.1M | — | View 990 |
| 2021 | $7.5M | $5.9M | $5.8M | $2.3M | — | View 990 |
| 2020 | $6.2M | $5.5M | $5.1M | $3.2M | — | View 990 |
| 2019 | $5.7M | $5.5M | $4.1M | $2.9M | — | View 990 |
| 2018 | $5.6M | $5.4M | $4.5M | $3.4M | — | View 990 |
| 2017 | $5.6M | $5.5M | $4.4M | $3.6M | — | View 990 |
| 2016 | $5.0M | $4.8M | $4.6M | $3.8M | — | View 990 |
| 2015 | $4.7M | $4.7M | $1.1M | $447K | — | View 990 |
| 2014 | $5.1M | $5.4M | $1.1M | $382K | — | View 990 |
| 2013 | $5.3M | $4.7M | $1.1M | $255K | — | View 990 |
| 2012 | $4.8M | $5.0M | $3.1M | $2.8M | — | View 990 |
| 2011 | $4.2M | $4.0M | $2.8M | $2.2M | — | View 990 |
| 2010 | $3.8M | $3.5M | $2.8M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.4M, expenses of $7.6M, and assets of $8.4M (revenue +22.2% year-over-year).
- 2022: Revenue of $7.7M, expenses of $6.8M, and assets of $6.4M (revenue +2.6% year-over-year).
- 2021: Revenue of $7.5M, expenses of $5.9M, and assets of $5.8M (revenue +21.5% year-over-year).
- 2020: Revenue of $6.2M, expenses of $5.5M, and assets of $5.1M (revenue +8.7% year-over-year).
- 2019: Revenue of $5.7M, expenses of $5.5M, and assets of $4.1M (revenue +1.0% year-over-year).
- 2018: Revenue of $5.6M, expenses of $5.4M, and assets of $4.5M (revenue +0.7% year-over-year).
- 2017: Revenue of $5.6M, expenses of $5.5M, and assets of $4.4M (revenue +11.4% year-over-year).
- 2016: Revenue of $5.0M, expenses of $4.8M, and assets of $4.6M (revenue +6.8% year-over-year).
- 2015: Revenue of $4.7M, expenses of $4.7M, and assets of $1.1M (revenue -8.9% year-over-year).
- 2014: Revenue of $5.1M, expenses of $5.4M, and assets of $1.1M (revenue -2.7% year-over-year).
- 2013: Revenue of $5.3M, expenses of $4.7M, and assets of $1.1M (revenue +9.6% year-over-year).
- 2012: Revenue of $4.8M, expenses of $5.0M, and assets of $3.1M (revenue +13.7% year-over-year).
- 2011: Revenue of $4.2M, expenses of $4.0M, and assets of $2.8M (revenue +10.8% year-over-year).
- 2010: Revenue of $3.8M, expenses of $3.5M, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Indiana Math And Science Academy Indianapolis Inc:
Data Sources and Methodology
This transparency report for Indiana Math And Science Academy Indianapolis 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.