Indy Convergence Inc

Analysis

Indy Convergence Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 2009, 17 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 (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, Indy Convergence Inc reported income of $188k and spending of $193k, spending 103% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $257k to $188k (-27%), an average of -27% a year. The sharpest change came in the year to June 2023, when income dropped by 27%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Indy Convergence Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within IN. Charities of a similar size with the same main cause include Spaceflight Mission ($187k), Ballet Resource Active Volunteer Assoc ($188k) and Capitol Movement Inc ($187k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $33k (17% of expenses). It paid $1,600 in professional fundraising fees. At year end it held assets of $166k against liabilities of $126k, net assets of $40k.