Indianapolis Opera Company

Analysis

Indianapolis Opera Company is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 1976, 50 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 June 2023, Indianapolis Opera Company reported income of $1.1m and spending of $1.0m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.1m (+9.2%), an average of +2.2% a year. The sharpest change came in the year to June 2021, when income rose by 247%. Over the whole period it spent 63% 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 Opera Company sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within IN. Charities of a similar size with the same main cause include Battle of Nashville Trust Inc ($1.1m), The Red Door Project ($1.1m) and Shipibo-Conibo Center Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $98k (9.4% of expenses). Other salaries and wages came to $312k. At year end it held assets of $3.2m against liabilities of $258k, net assets of $2.9m. It reported 35 employees.