International Association of Indianapolis 500 Oltimers Inc

Analysis

International Association of Indianapolis 500 Oltimers Inc is a registered charity in United States, based in Speedway, IN. It received its IRS tax-exemption ruling in February 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, International Association of Indianapolis 500 Oltimers Inc reported income of $93k and spending of $58k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $41k to $93k (+130%), an average of +130% a year. The sharpest change came in the year to December 2023, when income rose by 130%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Association of Indianapolis 500 Oltimers Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within IN. Charities of a similar size with the same main cause include Acme Screening Room ($93k), Fresh Coast Film Festival ($93k) and Maasai Cultural Conservation Foundation ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $423k against liabilities of $0, net assets of $423k.