Indiana Symphony Society Inc

Analysis

Indiana Symphony Society Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 1998, 28 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 August 2023, Indiana Symphony Society Inc reported income of $23.1m and spending of $25.1m, spending 109% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $26.4m to $23.1m (-13%), an average of -3.3% a year. The sharpest change came in the year to August 2021, when income rose by 39%. Over the whole period it spent 93% 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 Symphony Society Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Cox Science Center and Aquarium Inc ($23.1m), Seattle Opera ($23.2m) and Seventh Regiment Armory Conservancy Inc ($23.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $655k (2.6% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $12.8m against liabilities of $9.6m, net assets of $3.2m. It reported 509 employees.