Historic Landmarks Foundation of Indiana Inc

Analysis

Historic Landmarks Foundation of Indiana Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 1977, 49 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, Historic Landmarks Foundation of Indiana Inc reported income of $17.1m and spending of $6.7m, leaving 61% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $5.2m to $17.1m (+228%), an average of +35% a year. The sharpest change came in the year to August 2021, when income rose by 144%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Landmarks Foundation of Indiana Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include The Paley Center for Media ($17.1m), States Newsroom ($17.1m) and Filoli Center ($17.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 75% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $350k (5.2% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $107.2m against liabilities of $683k, net assets of $106.5m. It reported 48 employees.