Indy Pride Inc

Analysis

Indy Pride Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Indy Pride Inc reported income of $1.7m and spending of $1.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $529k to $1.7m (+213%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 218%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Indy Pride Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include Edina Hockey Association ($1.7m), Wisconsin Partnership for Housing Development Inc ($1.7m) and Colusa County Fair Foundation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $89k (5.3% of expenses). Other salaries and wages came to $80k. At year end it held assets of $463k against liabilities of $5,500, net assets of $457k. It reported 2 employees.