Footlite Musicals Inc

Analysis

Footlite Musicals Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 1959, 67 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, Footlite Musicals Inc reported income of $932k and spending of $346k, leaving 63% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $287k to $932k (+225%), an average of +34% a year. The sharpest change came in the year to June 2023, when income rose by 214%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Footlite Musicals Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include Asian American Arts Alliance ($932k), Emerald Media Group Inc ($932k) and Capital Area Preservation Inc ($932k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 22% of the total. At year end it held assets of $1.3m against liabilities of $52k, net assets of $1.3m.