Drum Corps International Inc

Analysis

Drum Corps International Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 1974, 52 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 December 2023, Drum Corps International Inc reported income of $13.3m and spending of $13.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.1m to $13.3m (+9.7%), an average of +2.3% a year. The sharpest change came in the year to December 2021, when income rose by 476%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Drum Corps International Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Naismith Memorial Basketball Hall of Fame Inc 1150 West Columbus Ave ($13.3m), Ogunquit Playhouse Foundation ($13.3m) and Wxxi Public Broadcasting Council ($13.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 94% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $10.7m against liabilities of $5.1m, net assets of $5.6m. It reported 51 employees.