Indianapolis Parks Foundation Inc

Analysis

Indianapolis Parks Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Parks Foundation Inc reported income of $1.4m and spending of $2.5m, spending 182% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.4m (-6.1%), an average of -1.6% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 248% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Indianapolis Parks Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within IN. Charities of a similar size with the same main cause include Appleton Ice Inc ($1.4m), Mamaroneck Youth Hockey Association Inc ($1.4m) and Sudden Impact Volleyball Club ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 110% of the total. Compensation of current officers, directors and key employees was $100k (4.1% of expenses). Other salaries and wages came to $310k. At year end it held assets of $1.6m against liabilities of $154k, net assets of $1.4m. It reported 6 employees.