Indiana State Museum Foundation Inc

Analysis

Indiana State Museum Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in November 1968, 58 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, Indiana State Museum Foundation Inc reported income of $8.0m and spending of $3.9m, leaving 51% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $8.0m (+158%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 126%. Over the whole period it spent 68% 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 State Museum Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include Richmond Ballet Inc ($8.0m), Footlight Players Inc ($8.1m) and California Center for the Arts Escondido Foundation ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $15.4m against liabilities of $97k, net assets of $15.3m.