Recipients › Indiana › Indiana Finance Authority
Recipient organisation · UEI KLL1RKRBEE11
Indiana Finance Authority
- Government
- Regional or state government
USAspending caveat. Figures are obligations reported by federal agencies to USAspending.gov, not payments. In USAspending's words: "An outlay occurs when federal money is actually paid out, not just promised to be paid ('obligated')." "Every agency has a Senior Accountable Official who must officially certify that the quarterly financial data submitted by their agency is accurate and complete." "If there are any discrepancies in procurement data, FPDS is the authoritative source." Contract data for the Department of Defense and the U.S. Army Corps of Engineers is published with a 90-day delay. Data loaded 30 Sep 2026. View the USAspending recipient profile.
Indiana Finance Authority, of Indianapolis, IN, was obligated $1.2B in federal awards across the 4 fiscal years in which it reached the $1.0M listing floor (2023, 2024, 2025, 2026).
In FY2026, the most recent complete fiscal year, obligations were $446M, with contracts under the listing floor.
That is up 114% on FY2025 ($209M).
Indiana Finance Authority ranks 7 of 359 listed organisations located in IN by five-year obligations, and 757 of 30,989 nationally.
Its $1.0M-plus awards since FY2023 came from Environmental Protection Agency: 30 awards worth $774M in total award value.
USAspending lists its parent organisation as State of Indiana.
Obligations by fiscal year contracts vs assistance
| Fiscal year | All obligations | Contracts | Assistance | Change |
|---|---|---|---|---|
| FY2023 | $207,695,425 | under $1.0M | $207,695,425 | — |
| FY2024 | $299,037,000 | under $1.0M | $299,037,000 | +44% |
| FY2025 | $208,703,350 | under $1.0M | $208,703,350 | -30% |
| FY2026 | $445,834,833 | under $1.0M | $445,834,833 | +114% |
| FY2027 to date | under $1.0M | — | — | — |
A fiscal year runs 1 October to 30 September. "Contracts" are procurement award types A–D; "assistance" is everything else (grants, direct payments, loan subsidy cost, insurance, other). The contracts column is listed only where contract obligations alone reached $1.0M; the assistance figure is the remainder and may therefore include up to $1.0M of contracts.
Compared with its state and the largest recipients five listed years
| Measure | This organisation | Largest in IN | Largest nationally |
|---|---|---|---|
| Five-year obligations (listed years) | $1.2B | $5.4B | $416B |
| FY2026 obligations | $446M | $827M | $118B |
| Contracts, five years | under $1.0M | under $1.0M | $94B |
| Assistance, five years | $1.2B | $5.4B | $416B |
| Rank by five-year obligations | 757 of 30,989 | 1 of 359 in IN | 1 |
Largest in state: Indiana Department of Transportation. Largest nationally: Health Care Services, California Department of. Rankings count organisations located in the state, by the sum of their listed fiscal years.
Awarding agencies $1.0M+ awards since FY2023
| # | Agency | Awards | Award value | Share |
|---|---|---|---|---|
| 1 | Environmental Protection Agency | 30 | $774M | 100% |
Assistance programs listings
Places of performance $1.0M+ awards
Counties: Parke County, IN $1.9M
Largest awards begun since FY2023
| Awarding agency | Type | Industry or program | Award value | Begun | Place | Record |
|---|---|---|---|---|---|---|
| Environmental Protection Agency | GrantFormula Grant (a) | 66.468 Drinking Water State Revolving Fund | $171M | 10 Aug 2025 | IN | USAspending |
| Environmental Protection Agency | GrantFormula Grant (a) | 66.468 Drinking Water State Revolving Fund | $70M | 1 Sep 2024 | IN | USAspending |
| Environmental Protection Agency | GrantFormula Grant (a) | 66.458 Clean Water State Revolving Fund | $59M | 23 Jul 2025 | IN | USAspending |
| Environmental Protection Agency | GrantFormula Grant (a) | 66.458 Clean Water State Revolving Fund | $55M | 1 Sep 2024 | IN | USAspending |
| Environmental Protection Agency | GrantFormula Grant (a) | 66.458 Clean Water State Revolving Fund | $50M | 29 Sep 2023 | IN | USAspending |
| Environmental Protection Agency | GrantFormula Grant (a) | 66.468 Drinking Water State Revolving Fund | $43M | 23 Jul 2025 | IN | USAspending |
| Environmental Protection Agency | GrantFormula Grant (a) | 66.468 Drinking Water State Revolving Fund | $39M | 2 Sep 2024 | IN | USAspending |
| Environmental Protection Agency | GrantFormula Grant (a) | 66.458 Clean Water State Revolving Fund | $38M | 23 Jul 2025 | IN | USAspending |
| Environmental Protection Agency | GrantFormula Grant (a) | 66.468 Drinking Water State Revolving Fund | $36M | 22 Sep 2023 | IN | USAspending |
| Environmental Protection Agency | GrantFormula Grant (a) | 66.442 Water Infrastructure Improvements for the Nation Small and Underserved Communities Emerging Contaminants Grant Program | $26M | 11 Sep 2023 | IN | USAspending |
| Environmental Protection Agency | GrantFormula Grant (a) | 66.442 Water Infrastructure Improvements for the Nation Small and Underserved Communities Emerging Contaminants Grant Program | $26M | 28 Aug 2025 | IN | USAspending |
| Environmental Protection Agency | GrantFormula Grant (a) | 66.458 Clean Water State Revolving Fund | $20M | 10 Sep 2024 | IN | USAspending |
Award value is the amount obligated to the award to date as USAspending reports it. Descriptions below are USAspending's text, unedited and truncated; those that appear to name a person are withheld.
- $171M, Environmental Protection Agency, 10 Aug 2025: DESCRIPTION:THIS AGREEMENT PROVIDES A CAPITALIZATION GRANT, FUNDED BY THE INFRASTRUCTURE INVESTMENT AND JOBS ACT (IIJA) (PL 117-58), FOR THE RECIPIENT'S DRINKIN
- $70M, Environmental Protection Agency, 1 Sep 2024: DESCRIPTION:THIS AGREEMENT PROVIDES A CAPITALIZATION GRANT, FUNDED BY THE INFRASTRUCTURE INVESTMENT AND JOBS ACT (IIJA) (PL 117-58), FOR THE RECIPIENT'S DRINKIN
- $59M, Environmental Protection Agency, 23 Jul 2025: DESCRIPTION:THIS AGREEMENT FUNDS A CAPITALIZATION GRANT, FUNDED BY THE INFRASTRUCTURE INVESTMENT AND JOBS ACT (IIJA) (PL 117-58), FOR THE RECIPIENT'S CLEAN WATE
- $55M, Environmental Protection Agency, 1 Sep 2024: DESCRIPTION:THIS AGREEMENT FUNDS A CAPITALIZATION GRANT, FUNDED BY THE INFRASTRUCTURE INVESTMENT AND JOBS ACT (IIJA) (PL 117-58), FOR THE RECIPIENT'S CLEAN WATE
- $50M, Environmental Protection Agency, 29 Sep 2023: DESCRIPTION:THE PURPOSE OF THIS AGREEMENT IS FOR A CAPITALIZATION GRANT, FUNDED BY THE INFRASTRUCTURE INVESTMENT AND JOBS ACT (IIJA) (PL 117-58), WHICH PROVIDES
- $43M, Environmental Protection Agency, 23 Jul 2025: DESCRIPTION:THIS AGREEMENT PROVIDES A CAPITALIZATION GRANT, FUNDED BY THE INFRASTRUCTURE INVESTMENT AND JOBS ACT (IIJA) (PL 117-58), FOR THE RECIPIENT'S DRINKIN
- $39M, Environmental Protection Agency, 2 Sep 2024: DESCRIPTION:THIS AGREEMENT PROVIDES A CAPITALIZATION GRANT, FUNDED BY THE INFRASTRUCTURE INVESTMENT AND JOBS ACT (IIJA) (PL 117-58), FOR THE RECIPIENT'S DRINKIN
- $38M, Environmental Protection Agency, 23 Jul 2025: DESCRIPTION:THIS AGREEMENT FUNDS A CAPITALIZATION GRANT FOR THE RECIPIENT'S CLEAN WATER STATE REVOLVING FUND PROGRAM. ACTIVITIES:THE RECIPIENTS OF THESE FUNDS P
Questions and answers
How much federal money does Indiana Finance Authority receive?
$1.2B in award obligations over the fiscal years it is listed for (FY2023: $208M; FY2024: $299M; FY2025: $209M; FY2026: $446M). Years not listed were under the $1.0M floor. Obligations are binding commitments, not payments made.
Which agencies award to Indiana Finance Authority?
By the value of $1.0M-plus awards begun since FY2023: Environmental Protection Agency ($774M).
What is the money for?
Assistance falls under Drinking Water State Revolving Fund (66.468), Clean Water State Revolving Fund (66.458) and Water Infrastructure Improvements for the Nation Small and Underserved Communities Emerging Contaminants Grant Program (66.442).
Where is the work performed?
Primary places of performance for its larger awards: IN ($774M).
Is Indiana Finance Authority a large federal recipient?
It ranks 757 of 30,989 organisations on this site by five-year obligations and 7 of 359 located in IN. The site covers organisations with at least $1.0M in a fiscal year; individuals are excluded.
Where does this data come from?
USAspending.gov (U.S. Treasury), award transactions as loaded on 30 Sep 2026; fiscal-year totals via the spending-by-category endpoint and award lists via the award search endpoint. The USAspending recipient profile is the authoritative record.
Provenance
Source: USAspending.gov API v2 (U.S. Department of the Treasury, Bureau of the Fiscal Service), CC0. Fiscal-year obligations from the spending-by-category recipient ranking by recipient state (listing floor $1.0M per year); awards from the award search endpoint (new awards of $1.0M or more by base obligation date); parent and business categories from the recipient profile where fetched. Closed fiscal years are snapshots taken after year end; FY2027 is refreshed on each build. Data loaded by USAspending on 30 Sep 2026. Individuals and sole proprietors are excluded at ingest. Errors in processing are corrected at the next build; see corrections and the methodology.