South-central Indiana Regional Economic Development Corp
Only null% goes to programs Strong reserves Declining revenue
South-central Indiana Regional Economic Development Corp is a 501(c)(3) organization based in French Lick, Indiana, registered in 1995, with $383,919 in FY2023 revenue. CharityIndex grades it B.
Po Box 128, French Lick, IN, 47432 EIN 35-1877247 Since 1995
Revenue (FY2023)
$384K
▲ 13.6% vs prior year
Community median: $184K
Expenses (FY2023)
$303K
Net assets
$2.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 South-central Indiana Regional Economic Development Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating84 mo reserves · +21% 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 South-central Indiana Regional Economic Development Corp: 84 mo reserves · +21% margin earns a B+ 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 South-central Indiana Regional Economic Development Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 South-central Indiana Regional Economic Development Corp: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 128, French Lick, IN, 47432
- City
- French Lick
- State
- Indiana
- Subcategory
- Economic Development
- Website
- …
Financial trends
Revenue grew from $59K (FY2013) to $384K (FY2023) across 8 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $4,075Net assets $2.1M
Operating margin
21.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.1M
Total liabilities
$4,075
Net assets
$2.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $383,919▲13.6% | $302,689▲5.0% | $2,110,146▲4.0% | $2,114,221▲4.0% | 990 |
| 2022 | $337,901▼7.4% | $288,236▲43.2% | $2,028,916▲2.5% | $2,032,989▲2.5% | 990 |
| 2021 | $364,721▼67.3% | $201,213▲127% | $1,979,251▲31.0% | $1,983,352▲30.9% | 990 |
| 2017 | $1,113,779▲1193% | $88,447▲19.6% | $1,510,917▲289% | $1,515,131▲287% | 990 |
| 2016 | $86,165▲38.0% | $73,927▲91.8% | $388,658▲85.6% | $391,340▲66.9% | 990 |
| 2015 | $62,441▼10.6% | $38,551▼47.1% | $209,401▲13.1% | $234,408▲10.9% | 990 |
| 2014 | $69,851▲17.4% | $72,925▼9.1% | $185,120▲2.0% | $211,315▼1.5% | 990 |
| 2013 | $59,477 | $80,263▼21.4% | $181,404▼8.7% | $214,428▼8.0% | 990 |
| 2012 | — | $102,078▼15.1% | $198,748▼2.6% | $233,088▼4.0% | 990 |
| 2011 | — | $120,173▼11.6% | $203,976▼12.0% | $242,897▲2.7% | 990 |
| 2010 | — | $135,959 | $231,733 | $236,594 | 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 South-central Indiana Regional Economic Development Corp a legitimate nonprofit?
- Yes. South-central Indiana Regional Economic Development Corp is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 35-1877247, based in French Lick, Indiana. Donations are tax-deductible.
- What is South-central Indiana Regional Economic Development Corp's EIN?
- South-central Indiana Regional Economic Development Corp's Employer Identification Number (EIN) is 35-1877247.
- How much revenue does South-central Indiana Regional Economic Development Corp report?
- South-central Indiana Regional Economic Development Corp reported $383,919 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does South-central Indiana Regional Economic Development Corp have?
- CharityIndex grades South-central Indiana Regional Economic Development Corp B, based on financial health (reserves and operating margin).
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Data for South-central Indiana Regional Economic Development Corp (EIN 35-1877247) 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.