Indianapolis City Market Corp

Analysis

Indianapolis City Market Corp is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in November 1989, 37 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Indianapolis City Market Corp reported income of $922k and spending of $1.1m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $956k to $922k (-3.5%), an average of -0.9% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Indianapolis City Market Corp sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include Margaret R Griffiths TR Uw ($922k), Foundation at Highland Park Presbyterian Church ($922k) and Junior Golf Association of Northern California ($922k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $94k (8.7% of expenses). Other salaries and wages came to $85k. At year end it held assets of $442k against liabilities of $15k, net assets of $427k. It reported 3 employees.