Horace Mann-ambridge Improvement Organization Inc
Only null% goes to programs Strong reserves Declining revenue
Horace Mann-ambridge Improvement Organization Inc is a 501(c)(3) organization based in Gary, Indiana, registered in 1990, with $34,347 in FY2024 revenue. CharityIndex grades it F.
1614 W 5th Ave, Gary, IN, 46404 EIN 31-1190377 Since 1990
Revenue (FY2024)
$34K
▼ 33.3% vs prior year
Community median: $184K
Expenses (FY2024)
$152K
Net assets
$220K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Horace Mann-ambridge Improvement Organization Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating17 mo reserves · -343% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Horace Mann-ambridge Improvement Organization Inc: 17 mo reserves · -343% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Horace Mann-ambridge Improvement Organization Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Horace Mann-ambridge Improvement Organization Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 1614 W 5th Ave, Gary, IN, 46404
- City
- Gary
- State
- Indiana
- Subcategory
- Community & Neighborhood Development
Financial trends
Revenue declined from $175K (FY2017) to $34K (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $44KNet assets $220K
Operating margin
-342.9%
Spent more than it raised in the latest fiscal year.
Total assets
$265K
Total liabilities
$44K
Net assets
$220K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $34,347▼33.3% | $152,110▼7.9% | $220,471▼34.8% | $264,525▼44.1% | 990 |
| 2023 | $51,458▲289% | $165,127▲67.3% | $338,234▼33.7% | $473,235▼26.6% | 990 |
| 2022 | $13,235▼85.5% | $98,720▼31.9% | $509,971▼14.7% | $644,972▼12.0% | 990 |
| 2021 | $91,287▲3.3% | $144,886▲176% | $598,120▼8.2% | $733,121▼6.8% | 990 |
| 2020 | $88,335▲12.4% | $52,448▼13.9% | $651,839▼14.3% | $786,840▼12.2% | 990 |
| 2019 | $78,621▲0.5% | $60,894▼13.6% | $760,964▼12.1% | $895,965▼10.5% | 990 |
| 2018 | $78,210▼55.4% | $70,504▼57.2% | $865,899▼0.7% | $1,000,900▼0.5% | 990 |
| 2017 | $175,252 | $164,766 | $872,343 | $1,006,349 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Horace Mann-ambridge Improvement Organization Inc a legitimate nonprofit?
- Yes. Horace Mann-ambridge Improvement Organization Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 31-1190377, based in Gary, Indiana. Donations are tax-deductible.
- What is Horace Mann-ambridge Improvement Organization Inc's EIN?
- Horace Mann-ambridge Improvement Organization Inc's Employer Identification Number (EIN) is 31-1190377.
- How much revenue does Horace Mann-ambridge Improvement Organization Inc report?
- Horace Mann-ambridge Improvement Organization Inc reported $34,347 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Horace Mann-ambridge Improvement Organization Inc have?
- CharityIndex grades Horace Mann-ambridge Improvement Organization Inc F, based on financial health (reserves and operating margin).
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Data for Horace Mann-ambridge Improvement Organization Inc (EIN 31-1190377) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.