International Violin Competition of Indianapolis Inc

Analysis

International Violin Competition of Indianapolis Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in January 1972, 54 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, International Violin Competition of Indianapolis Inc reported income of $2.1m and spending of $2.1m, spending 99% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $2.2m to $2.1m (-3.2%), an average of -0.8% a year. The sharpest change came in the year to July 2023, when income rose by 187%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Violin Competition of Indianapolis Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within IN. Charities of a similar size with the same main cause include Association for the Colonial Theater ($2.1m), Intervol Inc ($2.1m) and Del E Webb Center for the Performing Arts ($2.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $202k (9.6% of expenses). Other salaries and wages came to $318k. At year end it held assets of $1.4m against liabilities of $5,413, net assets of $1.4m. It reported 4 employees.