Pacers Basketball Corp Foundation Inc

Analysis

Pacers Basketball Corp Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Pacers Basketball Corp Foundation Inc reported income of $860k and spending of $417k, leaving 51% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $419k to $860k (+105%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 201%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pacers Basketball Corp Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within IN. Charities of a similar size with the same main cause include Lihatzilum Inc ($858k), Mater Dei Monarch Foundation ($860k) and The Oregon American Legion Foundation ($858k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $82k (20% of expenses). At year end it held assets of $1.5m against liabilities of $76k, net assets of $1.4m.