Indiana War Memorials Foundation Inc

Analysis

Indiana War Memorials Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in November 2001, 25 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 (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, Indiana War Memorials Foundation Inc reported income of $321k and spending of $134k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $408k to $321k (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 239% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Indiana War Memorials Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IN. Charities of a similar size with the same main cause include Vang Council of LA Crosse ($321k), Classical Kids Music Education NFP ($321k) and Border Patrol Museum & Memorial Library Foundation ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $2.7m against liabilities of $2,746, net assets of $2.7m.