Indianapolis Symphonic Choir Inc

Analysis

Indianapolis Symphonic Choir Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 1952, 74 years ago. 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 July 2023, Indianapolis Symphonic Choir Inc reported income of $451k and spending of $827k, spending 183% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $563k to $451k (-20%), an average of -5.4% a year. The sharpest change came in the year to July 2022, when income dropped by 44%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Indianapolis Symphonic Choir Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IN. Charities of a similar size with the same main cause include Climbhi Inc ($451k), South Texas Youth Soccer Association ($451k) and Gorham Community Learning Center Inc ($451k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 65% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $261k (32% of expenses). Other salaries and wages came to $61k. At year end it held assets of $871k against liabilities of $69k, net assets of $802k. It reported 7 employees.