Indianapolis Cultural Trail Inc

Analysis

Indianapolis Cultural Trail Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Indianapolis Cultural Trail Inc reported income of $4.2m and spending of $1.7m, leaving 60% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.1m to $4.2m (+103%), an average of +15% a year. The sharpest change came in the year to December 2019, when income rose by 983%. Over the whole period it spent 26% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Indianapolis Cultural Trail Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within IN. Charities of a similar size with the same main cause include The Womens Foundation for the State of Arizona ($4.2m), Metropolitan Planning Council ($4.2m) and Bedford County Development Association ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $224k (13% of expenses). Other salaries and wages came to $534k. At year end it held assets of $31.2m against liabilities of $374k, net assets of $30.8m. It reported 21 employees.