Indianapolis Youth Orchestra Inc

Analysis

Indianapolis Youth Orchestra Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Indianapolis Youth Orchestra Inc reported income of $260k and spending of $231k, spending 89% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $240k to $260k (+8.1%), an average of +1.6% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Indianapolis Youth Orchestra Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IN. Charities of a similar size with the same main cause include Road Runners Club of America ($260k), York County Veterans Outreach ($260k) and Meagher County Senior Citizens ($260k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 32% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $102k (44% of expenses). Other salaries and wages came to $24k. At year end it held assets of $289k against liabilities of $1,507, net assets of $288k. It reported 6 employees.