Indy Genesis Ltd
EIN: 275374064 · Greenwood, IN · NTEE: N64
| Metric | Value |
|---|---|
| Total Revenue | $221K |
| Total Expenses | $252K |
| Net Assets | $73K |
Is Indy Genesis Ltd Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Indy Genesis Ltd
Indy Genesis Ltd (EIN: 275374064) is a nonprofit organization based in Greenwood, IN, classified under NTEE code N64. The organization reported total revenue of $221K and total assets of $104K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Indy Genesis Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Indy Genesis Ltd is a small nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2016–2024). Revenue has grown at a compound annual rate of 30.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $221K |
| Total Expenses | $252K |
| Surplus / Deficit | $-30,724 |
| Total Assets | $104K |
| Total Liabilities | $31K |
| Net Assets | $73K |
| Operating Margin | -13.9% |
| Debt-to-Asset Ratio | 29.7% |
| Months of Reserves | 4.9 months |
Financial Health Grade: B
In 2024, Indy Genesis Ltd reported a deficit of $31K with expenses exceeding revenue, holds 4.9 months of operating reserves (adequate), has a debt-to-asset ratio of 29.7% (moderate leverage).
Financial Trends
Over 9 years of filings (2016–2024), Indy Genesis Ltd's revenue has grown at a compound annual growth rate (CAGR) of 30.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -21.3% | -1.2% | -17.1% |
| 2023 | +187.0% | +227.0% | +35.1% |
| 2022 | -31.0% | -23.4% | +59.3% |
| 2021 | +79.4% | +3.6% | +220.7% |
| 2020 | -28.6% | +10.3% | -54.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Indy Genesis Ltd 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 Indy Genesis Ltd 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 29.7%.
Frequently Asked Questions about Indy Genesis Ltd
Is Indy Genesis Ltd a legitimate charity?
Indy Genesis Ltd (EIN: 275374064) is a registered tax-exempt nonprofit based in Indiana. It has 9 years of IRS 990 filings on record. Total revenue: $221K. No red flags identified. Financial health grade: B.
How does Indy Genesis Ltd spend its money?
Indy Genesis Ltd reported $221K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Indy Genesis Ltd tax-deductible?
Indy Genesis Ltd is registered as a tax-exempt nonprofit (EIN: 275374064). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Indy Genesis Ltd located?
Indy Genesis Ltd is headquartered in Greenwood, Indiana and files with the IRS under EIN 275374064. It is classified under NTEE code N64.
How many years of IRS 990 filings does Indy Genesis Ltd have?
Indy Genesis Ltd has 9 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 $221K in total revenue.
Filing History
IRS 990 filing history for Indy Genesis Ltd showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2016–2024), Indy Genesis Ltd's revenue has grown by 720%, moving from $27K to $221K. Total assets increased by 4327.1% over the same period, from $2K to $104K. Total functional expenses rose by 827.5%, from $27K to $252K. In its most recent filing year (2024), Indy Genesis Ltd reported a deficit of $31K, with expenses exceeding revenue. The organization holds $31K in liabilities against $104K in assets (debt-to-asset ratio: 29.7%), resulting in net assets of $73K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $221K | $252K | $104K | $31K | — | — |
| 2023 | $281K | $255K | $125K | $21K | — | View 990 |
| 2022 | $98K | $78K | $93K | $15K | — | View 990 |
| 2021 | $142K | $102K | $58K | $0 | — | View 990 |
| 2020 | $79K | $98K | $18K | $0 | — | View 990 |
| 2019 | $111K | $89K | $40K | $2K | — | View 990 |
| 2018 | $92K | $85K | $12K | $0 | — | View 990 |
| 2017 | $27K | $25K | $5K | $0 | — | View 990 |
| 2016 | $27K | $27K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $221K, expenses of $252K, and assets of $104K (revenue -21.3% year-over-year).
- 2023: Revenue of $281K, expenses of $255K, and assets of $125K (revenue +187.0% year-over-year).
- 2022: Revenue of $98K, expenses of $78K, and assets of $93K (revenue -31.0% year-over-year).
- 2021: Revenue of $142K, expenses of $102K, and assets of $58K (revenue +79.4% year-over-year).
- 2020: Revenue of $79K, expenses of $98K, and assets of $18K (revenue -28.6% year-over-year).
- 2019: Revenue of $111K, expenses of $89K, and assets of $40K (revenue +20.9% year-over-year).
- 2018: Revenue of $92K, expenses of $85K, and assets of $12K (revenue +242.2% year-over-year).
- 2017: Revenue of $27K, expenses of $25K, and assets of $5K (revenue -0.6% year-over-year).
- 2016: Revenue of $27K, expenses of $27K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Indy Genesis Ltd:
Data Sources and Methodology
This transparency report for Indy Genesis Ltd 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.