Indianapolis Ballet Inc

Analysis

Indianapolis Ballet Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 2006, 20 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 July 2023, Indianapolis Ballet Inc reported income of $1.6m and spending of $1.8m, spending 115% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.4m to $1.6m (+12%), an average of +2.9% a year. The sharpest change came in the year to July 2022, when income rose by 158%. Over the whole period it spent 82% 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 Ballet Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include Documentary Educational Resources Inc ($1.6m), Friends of the Texas Historical Commission Inc ($1.6m) and Bay Area Electric Railway Association ($1.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 31% and program service revenue 59% of the total. At year end it held assets of $3.2m against liabilities of $746k, net assets of $2.5m. It reported 62 employees.