Indianapolis Scottish Rite Cathedral Foundation Inc

Analysis

Indianapolis Scottish Rite Cathedral Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in November 1984, 42 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 April 2023, Indianapolis Scottish Rite Cathedral Foundation Inc reported income of $437k and spending of $740k, spending 169% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income fell from $573k to $437k (-24%), an average of -6.6% a year. The sharpest change came in the year to April 2021, when income rose by 630%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Indianapolis Scottish Rite Cathedral Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IN. Charities of a similar size with the same main cause include Kenosha Military Museum Ltd ($437k), Artlab21 Foundation ($437k) and Telluride Repertory Theatre Company ($437k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $10.9m against liabilities of $212k, net assets of $10.7m.