Philharmonic Orchestra of Indianapolis Incorporated

Analysis

Philharmonic Orchestra of Indianapolis Incorporated is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 1948, 78 years ago. 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 June 2023, Philharmonic Orchestra of Indianapolis Incorporated reported income of $131k and spending of $117k, spending 89% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $102k to $131k (+29%), an average of +29% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Philharmonic Orchestra of Indianapolis Incorporated sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within IN. Charities of a similar size with the same main cause include Little League Baseball Inc ($131k), Saint Andrews Society of Los Angeles Inc ($131k) and The Friends of the Garland County Library of Hotsprings Arkansas Inc ($131k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 18% of the total. At year end it held assets of $166k against liabilities of $0, net assets of $166k.