Indianapolis Chamber Orchestra Inc

Analysis

Indianapolis Chamber Orchestra Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 1985, 41 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Indianapolis Chamber Orchestra Inc reported income of $643k and spending of $904k, spending 141% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $734k to $643k (-12%), an average of -3.2% a year. The sharpest change came in the year to June 2020, when income rose by 59%. Over the whole period it spent 94% 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 Chamber Orchestra Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IN. Charities of a similar size with the same main cause include Charlotte Mecklenburg Public Access Corporation ($643k), Pied Piper Players Inc ($644k) and Englewood Arts a Missouri Non-Profit Corporation ($643k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $78k (8.6% of expenses). Other salaries and wages came to $487k. At year end it held assets of $3.4m against liabilities of $30k, net assets of $3.3m. It reported 127 employees.