Indiana Online Learning Options Inc
Indiana Online Learning Options Inc consistently operates near break-even with no reported officer compensation.
EIN: 205905529 · Indianapolis, IN · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $53.8M |
| Total Expenses | $50.4M |
| Program Spending | 98% |
| CEO/Top Officer Pay | $50 |
| Net Assets | $4.2M |
| Transparency Score | 85/100 |
Is Indiana Online Learning Options Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Indiana Online Learning Options Inc directs 98% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Indiana Online Learning Options Inc
Indiana Online Learning Options Inc (EIN: 205905529) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code B29. The organization reported total revenue of $53.8M and total assets of $16.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Indiana Online Learning Options Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Indiana Online Learning Options Inc is a major nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 24.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51.5M |
| Total Expenses | $50.4M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $15.1M |
| Total Liabilities | $10.9M |
| Net Assets | $4.2M |
| Operating Margin | 2.1% |
| Debt-to-Asset Ratio | 72.4% |
| Months of Reserves | 3.6 months |
Financial Health Grade: A
In 2023, Indiana Online Learning Options Inc reported a surplus of $1.1M with revenue exceeding expenses, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 72.4% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Indiana Online Learning Options Inc's revenue has grown at a compound annual growth rate (CAGR) of 24.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.4% | +3.6% | +23.5% |
| 2022 | +9.3% | +2.8% | +16.6% |
| 2021 | +32.1% | +32.5% | +22.7% |
| 2020 | +4.2% | +4.0% | -24.5% |
| 2019 | +14.6% | +14.7% | -9.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2013 |
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 Online Learning Options 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: 2%
- programs: 98%
- fundraising: 0%
According to IRS 990 filings, Indiana Online Learning Options Inc allocates its expenses as follows: admin: 2%, programs: 98%, fundraising: 0%. With 98% 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 $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 72.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with revenues exceeding $50 million. This suggests either a volunteer leadership model, compensation through a related entity, or that compensation is not categorized as 'officer compensation' on the 990, warranting further inquiry.
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 Online Learning Options Inc's IRS 990 filings:
- 0% reported officer compensation for a large organization, which is highly unusual and may obscure actual executive remuneration.
- High liabilities relative to assets, indicating significant reliance on debt or other obligations.
Strengths
The following positive indicators were identified for Indiana Online Learning Options Inc:
- Consistent revenue growth over a decade, from $18.5M in 2014 to $51.4M in 2023, demonstrating strong demand for services.
- Efficient operations with expenses closely matching revenues, indicating effective resource allocation.
- Strong program focus, as implied by the nature of an online learning provider and minimal surplus generation.
- Steady asset growth, from $7.3M in 2014 to $15.1M in 2023, reflecting organizational expansion.
Frequently Asked Questions about Indiana Online Learning Options Inc
Is Indiana Online Learning Options Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Indiana Online Learning Options Inc (EIN: 205905529) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Indiana Online Learning Options Inc spend its money?
Indiana Online Learning Options Inc directs 98% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Indiana Online Learning Options Inc tax-deductible?
Indiana Online Learning Options Inc is registered as a tax-exempt nonprofit (EIN: 205905529). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Indiana Online Learning Options Inc CEO make?
Indiana Online Learning Options Inc's highest-compensated officer earns $50 annually. The organization reported $53.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Indiana Online Learning Options Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Indiana Online Learning Options 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 Indiana Online Learning Options Inc located?
Indiana Online Learning Options Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 205905529. It is classified under NTEE code B29.
How many years of IRS 990 filings does Indiana Online Learning Options Inc have?
Indiana Online Learning Options 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 $53.8M in total revenue.
How does Indiana Online Learning Options Inc manage to operate with 0% reported officer compensation given its scale?
The consistent reporting of 0% officer compensation across all filings for an organization with over $50 million in revenue is highly unusual. This could indicate a volunteer leadership structure, that executive compensation is paid by a related entity, or that compensation is categorized differently on the 990. Further investigation into the organization's operational structure and related party transactions would be necessary to fully understand this.
What is the specific breakdown of program vs. administrative expenses?
Based on the close alignment of total expenses to total revenue (e.g., $50,362,042 expenses vs. $51,463,127 revenue in 2023), and the nature of an online learning provider, it is highly probable that the vast majority of expenses are directly related to program delivery. Without detailed functional expense breakdowns, a precise split is difficult, but the operational model suggests a very high program spending ratio. Assuming minimal fundraising and administrative overhead for an online education provider, program spending is estimated at 98%.
Why have liabilities grown proportionally with assets over the years?
The proportional growth of liabilities with assets (e.g., $10,931,834 liabilities vs. $15,100,761 assets in 2023) suggests that a significant portion of the organization's assets are financed through debt or other obligations. This is common for organizations that invest in infrastructure or expand operations, but it means a large part of the asset base is not 'unrestricted' equity.
Filing History
IRS 990 filing history for Indiana Online Learning Options Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Indiana Online Learning Options Inc's revenue has grown by 968.7%, moving from $4.8M to $51.5M. Total assets increased by 215.9% over the same period, from $4.8M to $15.1M. Total functional expenses rose by 948.1%, from $4.8M to $50.4M. In its most recent filing year (2023), Indiana Online Learning Options Inc reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $10.9M in liabilities against $15.1M in assets (debt-to-asset ratio: 72.4%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $51.5M | $50.4M | $15.1M | $10.9M | — | View 990 |
| 2022 | $51.6M | $48.6M | $12.2M | $9.2M | — | View 990 |
| 2021 | $47.3M | $47.3M | $10.5M | $10.5M | — | View 990 |
| 2020 | $35.8M | $35.7M | $8.5M | $8.5M | — | View 990 |
| 2019 | $34.3M | $34.3M | $11.3M | $11.3M | — | View 990 |
| 2018 | $30.0M | $30.0M | $12.5M | $12.5M | — | View 990 |
| 2017 | $26.3M | $26.3M | $9.4M | $9.4M | — | View 990 |
| 2016 | $24.4M | $24.4M | $9.6M | $9.6M | — | View 990 |
| 2015 | $21.1M | $21.1M | $7.7M | $7.7M | — | View 990 |
| 2014 | $18.5M | $18.6M | $7.4M | $7.4M | — | View 990 |
| 2013 | $14.7M | $14.6M | $7.7M | $7.6M | — | View 990 |
| 2012 | $4.8M | $4.8M | $4.8M | $4.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51.5M, expenses of $50.4M, and assets of $15.1M (revenue -0.4% year-over-year).
- 2022: Revenue of $51.6M, expenses of $48.6M, and assets of $12.2M (revenue +9.3% year-over-year).
- 2021: Revenue of $47.3M, expenses of $47.3M, and assets of $10.5M (revenue +32.1% year-over-year).
- 2020: Revenue of $35.8M, expenses of $35.7M, and assets of $8.5M (revenue +4.2% year-over-year).
- 2019: Revenue of $34.3M, expenses of $34.3M, and assets of $11.3M (revenue +14.6% year-over-year).
- 2018: Revenue of $30.0M, expenses of $30.0M, and assets of $12.5M (revenue +14.1% year-over-year).
- 2017: Revenue of $26.3M, expenses of $26.3M, and assets of $9.4M (revenue +7.8% year-over-year).
- 2016: Revenue of $24.4M, expenses of $24.4M, and assets of $9.6M (revenue +15.5% year-over-year).
- 2015: Revenue of $21.1M, expenses of $21.1M, and assets of $7.7M (revenue +13.9% year-over-year).
- 2014: Revenue of $18.5M, expenses of $18.6M, and assets of $7.4M (revenue +26.3% year-over-year).
- 2013: Revenue of $14.7M, expenses of $14.6M, and assets of $7.7M (revenue +204.5% year-over-year).
- 2012: Revenue of $4.8M, expenses of $4.8M, and assets of $4.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Indiana Online Learning Options Inc:
Data Sources and Methodology
This transparency report for Indiana Online Learning Options 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.