Indiana Historical Society

Analysis

Indiana Historical Society is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 1933, 93 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, Indiana Historical Society reported income of $7.7m and spending of $9.4m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $12.0m to $7.7m (-36%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 146%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Indiana Historical Society 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 Alaska Public Media Inc ($7.7m), Telfair Museum of Art Inc ($7.7m) and Nevada Ballet Theatre ($7.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $883k (9.4% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $134.7m against liabilities of $10.4m, net assets of $124.3m. It reported 178 employees.