Indianapolis Downtown Inc

Analysis

Indianapolis Downtown Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Indianapolis Downtown Inc reported income of $11.0m and spending of $3.3m, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $397k to $11.0m (+2660%), an average of +129% a year. The sharpest change came in the year to December 2023, when income rose by 1373%. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Indianapolis Downtown Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Urban Edge Housing Corp ($10.9m), Wayne County Development Allianceinc ($11.0m) and The Onestar Foundation ($10.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $16.7m against liabilities of $539k, net assets of $16.1m.