Skip to content

Indiana · Nonprofit

FRIENDS OF 38TH INC

FRIENDS OF 38TH INC (Indiana) receives grants from 1 organization whose IRS filings report $250 to it, the largest being THE GRAMELSPACHER FOUNDATION INC ($250). 0 of them have funded it in more than one year.

Revenue FY2024
$15k
Funders on record
1
Grants received
$250
Net assets
$3k
0/1 repeat funderspeak grant-dependency 1%
01What it does

What Friends of 38th Inc does

Mission

Our mission is to raise awareness of the successes and challenges of the street among the broader community, bring our great midtown neighborhoods adjacent to 38th street together with events, new business opportunities, and social engagement and advocate to the street to be improved, cared for and elevated from a problem to a key asset in our circle city.

As stated on its FY2024 Form 990-EZ.

Program

  1. Three separate fundraisers were conducted to promote awareness of 38th street in the city of indianapolis. A blues & bbq event was held allowing vendors to particpate for free to promote their businesses. Helped promote a 5k turkey trot race where a donation was made to crown hill cemetery. Also provided marketing & space for five car shows which was free of charge to anyone bringing a car or any vendor selling their goods.

    $1,237 spent
    100% of program spending

The program described on its FY2023 Form 990-EZ. Program spending in total: $1,237.

02The organization over time

The organization over time

Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20212021 Revenue 100 ($15k) Expenses 100 ($9k) Net assets 100 ($7k)2022 Revenue 57 ($9k) Expenses 150 ($13k) Net assets 36 ($2k)2023 Revenue 127 ($19k) Expenses 187 ($16k) Net assets 85 ($6k)2024 Revenue 97 ($15k) Expenses 197 ($17k) Net assets 51 ($3k)
2021202220232024
Revenue (97)Expenses (197)Net assets (51)Peer revenue range

Balance sheet

Total assets at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $7k to $2k (−64%).

$7k
$2k
$6k
$3k
2021202220232024
Total assets

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

100% of FRIENDS OF 38TH INC’s revenue is contributions — more donation-reliant than the typical peer (77% for the typical peer).

This organization
Typical peer · 10,230 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 4 reported years ran a deficit.

$7k
’21
−$4k
’22
$3k
’23
−$2k
’24
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'23
total
funders
1

From the IRS filings of FRIENDS OF 38TH INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of FRIENDS OF 38TH INC's grant income comes from Indiana funders.

IN

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

FRIENDS OF 38TH INC has grown faster than half of the 9,376 community improvement nonprofits its size.

Operating margin−15% · below the median
Revenue growth (annualized)−1% · above the median

this organization peer median middle 50% of peers· 9,376 community improvement nonprofits under $100k, FY2024

Organizations like FRIENDS OF 38TH INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Indiana

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Footprint & structure

Files a return copy in 1 state

IN

Screen this organization

A dated, signed PDF of the compliance screen for FRIENDS OF 38TH INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds FRIENDS OF 38TH INC?
FRIENDS OF 38TH INC (Indiana) receives grants from 1 organization whose IRS filings report $250 to it, the largest being THE GRAMELSPACHER FOUNDATION INC ($250). 0 of them have funded it in more than one year.
How many funders does FRIENDS OF 38TH INC have?
IRS filings report 1 organization giving $250 in grants to FRIENDS OF 38TH INC.
Who is the largest funder of FRIENDS OF 38TH INC?
THE GRAMELSPACHER FOUNDATION INC is the largest funder on record, with $250 in grants. The full list of funders is on this page.
How can an organization like FRIENDS OF 38TH INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Friends of 38th →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2021–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing