Indiana Sports Corporation

Analysis

Indiana Sports Corporation is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 1980, 46 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Indiana Sports Corporation reported income of $22.8m and spending of $9.5m, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.8m to $22.8m (+234%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 76% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Indiana Sports Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Los Angeles Sports & Entertainment Commission ($22.4m), V3 Sports Inc ($23.2m) and Cowboy Athletics Inc ($22.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $611k (6.4% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $37.0m against liabilities of $12.2m, net assets of $24.8m. It reported 37 employees.