Arts Council of Indianapolis Inc

Analysis

Arts Council of Indianapolis Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 1988, 38 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 December 2023, Arts Council of Indianapolis Inc reported income of $7.1m and spending of $4.6m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $7.1m (+128%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 386%. 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, Arts Council of Indianapolis Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include University Radio Foundation Inc ($7.1m), New York Live Arts Inc ($7.1m) and Public Broadcasting Council of Central New York Inc Old Liverpool ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $221k (4.8% of expenses). Other salaries and wages came to $845k. At year end it held assets of $10.3m against liabilities of $1.9m, net assets of $8.4m. It reported 16 employees.