Ninetwelve Institute Inc

Analysis

Ninetwelve Institute Inc is a registered charity in United States, based in Zionsville, IN. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover science and technology, 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 December 2023, Ninetwelve Institute Inc reported income of $11.4m and spending of $18.4m, spending 161% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $8.3m to $11.4m (+38%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 133% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ninetwelve Institute 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 95th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include John Michael Kohler Arts Center Inc ($11.4m), Turrell Art Foundation ($11.4m) and Moving Picture Institute ($11.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% and program service revenue 2.1% of the total. At year end it held assets of $12.1m against liabilities of $7.6m, net assets of $4.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.