Indianapolis Soap Box Derby Association Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Youth mentoring education and community involvement.
- Income
- $113,402
- Spending
- $91,498
- Reserves
- 19.7 months of spending
- Largest source of income
- donations and private grants, 89%
Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (5)
- $40,739 spent. Indianapolis Inner City Youth Racing League program to work with underserved youth who come from homes with limited means to get an opportunity to participate successfully in the soap box derby
- $49,058 spent. Indianapolis Soap Box Derby local and regional programming to be a positive influence on children through participation in the soap box derby events
- $1,701 spent. Fourth Grade STEM mini car program as part of the 500 Festival Committees 4th grade STEM initiative.
- The Indianapolis Soap Box Derby and its Inner City Youth Racing League receive several in-kind donations that are not reflected in the 990. These are difficult to value correctly. They receive program space at an unused building from Marian University receive site use and mowing at their dedicated track at Riverside Park from the City of Indianapolis and have donations of tools gasoline used soap box derby cars from donors.
- A resource has been loaned to our organization from a private group to assist with community outreach areas such as providing a STEM activity to Indiana 4th grade classrooms using mini soap box derby cars and a detailed lesson plan to contribute to the Indianapolis 500 Festival 4th grade STEM program as well as other outreach activities such as recruiting volunteers.
Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 1983.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.