Asante Art Institute of Indianapolis Inc

Analysis

Asante Art Institute of Indianapolis Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in December 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Asante Art Institute of Indianapolis Inc reported income of $717k and spending of $532k, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $591k to $717k (+21%), an average of +6.6% a year. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Asante Art Institute of Indianapolis Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IN. Charities of a similar size with the same main cause include Californians for the Arts ($717k), Spokane Symphony Orchestraendowment Fund ($717k) and The Peace Studio Inc ($717k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $40k (7.6% of expenses). Other salaries and wages came to $148k. At year end it held assets of $758k against liabilities of $4,019, net assets of $754k. It reported 6 employees.