Watercolor Society of Indiana Inc

Analysis

Watercolor Society of Indiana Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 1990, 36 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, Watercolor Society of Indiana Inc reported income of $60k and spending of $60k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $74k to $60k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2022, when income rose by 96%. Over the whole period it spent 131% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Watercolor Society of Indiana Inc sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 20th percentile within IN. Charities of a similar size with the same main cause include Ashtabula Maritime & Surface Transportation Museum Inc ($60k), Rocky Mountain Conference Onanalytical Chemistry Inc ($60k) and Collinsville Historical Association Inc ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. Compensation of current officers, directors and key employees was $32k (54% of expenses). At year end it held assets of $665k against liabilities of $2,691, net assets of $662k.