Indian Octaves

Analysis

Indian Octaves is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in October 2019, 7 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, Indian Octaves reported income of $93k and spending of $76k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $16k to $93k (+489%), an average of +489% a year. The sharpest change came in the year to December 2023, when income rose by 489%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Indian Octaves sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include House of Dance Foundation ($93k), Dali Ballet Company ($93k) and Bourbon County High Band Inc ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.