Indianapolis City Ballet Inc
EIN: 262051938 · Indianapolis, IN · NTEE: A63
| Metric | Value |
|---|---|
| Total Revenue | $143K |
| Total Expenses | $157K |
| Net Assets | $-15,950 |
Is Indianapolis City Ballet Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Indianapolis City Ballet Inc
Indianapolis City Ballet Inc (EIN: 262051938) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code A63. The organization reported total revenue of $143K and total assets of $10K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Indianapolis City Ballet Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Indianapolis City Ballet Inc is a small nonprofit that has been operating for 18 years, with 8 years of IRS 990 filings on record (2010–2017). Revenue has grown at a compound annual rate of -7.3%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $138K |
| Total Expenses | $157K |
| Surplus / Deficit | $-19,657 |
| Total Assets | $10K |
| Total Liabilities | $26K |
| Net Assets | $-15,950 |
| Operating Margin | -14.3% |
| Debt-to-Asset Ratio | 265.9% |
| Months of Reserves | 0.7 months |
Financial Health Grade: D
In 2017, Indianapolis City Ballet Inc reported a deficit of $20K with expenses exceeding revenue, holds 0.7 months of operating reserves (limited), has a debt-to-asset ratio of 265.9% (high leverage).
Financial Trends
Over 8 years of filings (2010–2017), Indianapolis City Ballet Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -68.0% | -64.1% | -32.1% |
| 2016 | -0.9% | -8.2% | +21.9% |
| 2015 | -8.1% | +10.9% | -80.9% |
| 2014 | +12.3% | +6.0% | +347.8% |
| 2013 | +4.5% | -0.1% | +47.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Indianapolis City Ballet Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Indianapolis City Ballet Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $20K, with expenses exceeding revenue.
- Debt-to-asset ratio: 265.9%.
Frequently Asked Questions about Indianapolis City Ballet Inc
Is Indianapolis City Ballet Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Indianapolis City Ballet Inc (EIN: 262051938) insufficient data. 0 red flags identified, 0 strengths noted.
How does Indianapolis City Ballet Inc spend its money?
Detailed spending breakdown data is not yet available for Indianapolis City Ballet Inc. Check back for updated IRS 990 analysis.
Are donations to Indianapolis City Ballet Inc tax-deductible?
Indianapolis City Ballet Inc is registered as a tax-exempt nonprofit (EIN: 262051938). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Indianapolis City Ballet Inc located?
Indianapolis City Ballet Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 262051938. It is classified under NTEE code A63.
How many years of IRS 990 filings does Indianapolis City Ballet Inc have?
Indianapolis City Ballet Inc has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $143K in total revenue.
Filing History
IRS 990 filing history for Indianapolis City Ballet Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2010–2017), Indianapolis City Ballet Inc's revenue has declined by 41.3%, moving from $234K to $138K. Total assets increased by 34.8% over the same period, from $7K to $10K. Total functional expenses fell by 35.7%, from $245K to $157K. In its most recent filing year (2017), Indianapolis City Ballet Inc reported a deficit of $20K, with expenses exceeding revenue. The organization holds $26K in liabilities against $10K in assets (debt-to-asset ratio: 265.9%), resulting in net assets of $-15,950.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $138K | $157K | $10K | $26K | — | View 990 |
| 2016 | $431K | $439K | $14K | $10K | — | View 990 |
| 2015 | $434K | $478K | $12K | $0 | — | — |
| 2014 | $473K | $431K | $61K | $6K | — | View 990 |
| 2013 | $421K | $407K | $14K | $0 | — | View 990 |
| 2012 | $403K | $407K | $9K | $10K | — | View 990 |
| 2011 | $397K | $398K | $4K | $0 | — | View 990 |
| 2010 | $234K | $245K | $7K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $138K, expenses of $157K, and assets of $10K (revenue -68.0% year-over-year).
- 2016: Revenue of $431K, expenses of $439K, and assets of $14K (revenue -0.9% year-over-year).
- 2015: Revenue of $434K, expenses of $478K, and assets of $12K (revenue -8.1% year-over-year).
- 2014: Revenue of $473K, expenses of $431K, and assets of $61K (revenue +12.3% year-over-year).
- 2013: Revenue of $421K, expenses of $407K, and assets of $14K (revenue +4.5% year-over-year).
- 2012: Revenue of $403K, expenses of $407K, and assets of $9K (revenue +1.4% year-over-year).
- 2011: Revenue of $397K, expenses of $398K, and assets of $4K (revenue +69.5% year-over-year).
- 2010: Revenue of $234K, expenses of $245K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Indianapolis City Ballet Inc:
Data Sources and Methodology
This transparency report for Indianapolis City Ballet Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.