Greater Indianapolis Waterfront Center Corp

Analysis

Greater Indianapolis Waterfront Center Corp is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Greater Indianapolis Waterfront Center Corp reported income of $106k and spending of $92k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $10 to $106k (+1063570%), an average of +10213% a year. The sharpest change came in the year to December 2022, when income rose by 53190%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Greater Indianapolis Waterfront Center Corp sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 36th percentile within IN. Charities of a similar size with the same main cause include Blue Mountain Quarter Midget Assoc Inc ($106k), Wildcats Athletic Club Inc ($106k) and Usisa Charitable Fund ($106k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.0% and program service revenue 95% of the total. Other salaries and wages came to $63k. At year end it held assets of $20k against liabilities of $0, net assets of $20k.