Indianapolis Theatre Fringe Festival Inc
Indianapolis Theatre Fringe Festival Inc faces recurring deficits and declining assets, despite zero executive compensation.
EIN: 202005004 · Indianapolis, IN · NTEE: A70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $530K |
| Total Expenses | $651K |
| Program Spending | 75% |
| Net Assets | $603K |
| Transparency Score | 65/100 |
Is Indianapolis Theatre Fringe Festival Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Indianapolis Theatre Fringe Festival Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Indianapolis Theatre Fringe Festival Inc
Indianapolis Theatre Fringe Festival Inc (EIN: 202005004) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code A70. The organization reported total revenue of $530K and total assets of $665K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Indianapolis Theatre Fringe Festival Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Indianapolis Theatre Fringe Festival Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $485K |
| Total Expenses | $651K |
| Surplus / Deficit | $-166,187 |
| Total Assets | $629K |
| Total Liabilities | $26K |
| Net Assets | $603K |
| Operating Margin | -34.2% |
| Debt-to-Asset Ratio | 4.2% |
| Months of Reserves | 11.6 months |
Financial Health Grade: B
In 2023, Indianapolis Theatre Fringe Festival Inc reported a deficit of $166K with expenses exceeding revenue, holds 11.6 months of operating reserves (strong position), has a debt-to-asset ratio of 4.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Indianapolis Theatre Fringe Festival Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.2% | -3.0% | -43.7% |
| 2022 | -30.2% | +10.9% | -15.8% |
| 2021 | +29.5% | +32.3% | -0.9% |
| 2020 | -14.2% | -33.8% | +8.6% |
| 2019 | -7.0% | +11.5% | -5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Indianapolis Theatre Fringe Festival Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Indianapolis Theatre Fringe Festival Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $166K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led executive structure or that executive roles are compensated through other means not classified as officer compensation, which is highly efficient for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Indianapolis Theatre Fringe Festival Inc's IRS 990 filings:
- Recurring operational deficits (e.g., 2023: $485,251 revenue vs. $651,438 expenses; 2022: $465,479 revenue vs. $671,243 expenses).
- Significant decline in total assets over the last three years (from $1,338,924 in 2020 to $629,312 in 2023).
Strengths
The following positive indicators were identified for Indianapolis Theatre Fringe Festival Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level.
- Long history of IRS 990 filings (13 filings), suggesting transparency and compliance.
- Maintained operations despite financial challenges, demonstrating resilience.
Frequently Asked Questions about Indianapolis Theatre Fringe Festival Inc
Is Indianapolis Theatre Fringe Festival Inc a legitimate charity?
Indianapolis Theatre Fringe Festival Inc (EIN: 202005004) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $530K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Indianapolis Theatre Fringe Festival Inc spend its money?
Indianapolis Theatre Fringe Festival Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Indianapolis Theatre Fringe Festival Inc tax-deductible?
Indianapolis Theatre Fringe Festival Inc is registered as a tax-exempt nonprofit (EIN: 202005004). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Indianapolis Theatre Fringe Festival Inc's spending goes to programs?
Indianapolis Theatre Fringe Festival Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Indianapolis Theatre Fringe Festival Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Indianapolis Theatre Fringe Festival Inc is above average for NTEE category A70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Indianapolis Theatre Fringe Festival Inc located?
Indianapolis Theatre Fringe Festival Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 202005004. It is classified under NTEE code A70.
How many years of IRS 990 filings does Indianapolis Theatre Fringe Festival Inc have?
Indianapolis Theatre Fringe Festival Inc has 13 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 $530K in total revenue.
Is Indianapolis Theatre Fringe Festival Inc a good charity?
The organization demonstrates strong commitment to its mission with no reported officer compensation, which is a positive. However, its recent financial performance shows recurring deficits and a significant decline in assets, raising concerns about long-term sustainability. Donors should consider these financial trends.
Why are the assets declining?
The assets have been declining primarily because the organization's expenses have exceeded its revenue in recent years. For example, in 2023, expenses were $651,438 while revenue was $485,251, leading to a deficit that drew down its asset base from $1,338,924 in 2020 to $629,312 in 2023.
What is the trend in revenue and expenses?
Revenue has fluctuated, peaking at $667,100 in 2021 but dropping to $485,251 in 2023. Expenses have generally been high, often exceeding revenue in recent years, such as $651,438 in expenses against $485,251 in revenue in 2023, and $671,243 in expenses against $465,479 in revenue in 2022.
Filing History
IRS 990 filing history for Indianapolis Theatre Fringe Festival Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Indianapolis Theatre Fringe Festival Inc's revenue has declined by 19.5%, moving from $603K to $485K. Total assets increased by 64.3% over the same period, from $383K to $629K. Total functional expenses rose by 99.6%, from $326K to $651K. In its most recent filing year (2023), Indianapolis Theatre Fringe Festival Inc reported a deficit of $166K, with expenses exceeding revenue. The organization holds $26K in liabilities against $629K in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $603K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $485K | $651K | $629K | $26K | — | — |
| 2022 | $465K | $671K | $1.1M | $30K | — | View 990 |
| 2021 | $667K | $605K | $1.3M | $35K | — | View 990 |
| 2020 | $515K | $458K | $1.3M | $109K | — | View 990 |
| 2019 | $601K | $691K | $1.2M | $37K | — | View 990 |
| 2018 | $645K | $620K | $1.3M | $40K | — | View 990 |
| 2017 | $661K | $614K | $1.3M | $55K | — | View 990 |
| 2016 | $599K | $512K | $1.3M | $116K | — | View 990 |
| 2015 | $699K | $484K | $1.2M | $132K | — | View 990 |
| 2014 | $633K | $473K | $905K | $17K | — | View 990 |
| 2013 | $579K | $408K | $750K | $21K | — | View 990 |
| 2012 | $563K | $373K | $571K | $13K | — | View 990 |
| 2011 | $603K | $326K | $383K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $485K, expenses of $651K, and assets of $629K (revenue +4.2% year-over-year).
- 2022: Revenue of $465K, expenses of $671K, and assets of $1.1M (revenue -30.2% year-over-year).
- 2021: Revenue of $667K, expenses of $605K, and assets of $1.3M (revenue +29.5% year-over-year).
- 2020: Revenue of $515K, expenses of $458K, and assets of $1.3M (revenue -14.2% year-over-year).
- 2019: Revenue of $601K, expenses of $691K, and assets of $1.2M (revenue -7.0% year-over-year).
- 2018: Revenue of $645K, expenses of $620K, and assets of $1.3M (revenue -2.3% year-over-year).
- 2017: Revenue of $661K, expenses of $614K, and assets of $1.3M (revenue +10.3% year-over-year).
- 2016: Revenue of $599K, expenses of $512K, and assets of $1.3M (revenue -14.4% year-over-year).
- 2015: Revenue of $699K, expenses of $484K, and assets of $1.2M (revenue +10.4% year-over-year).
- 2014: Revenue of $633K, expenses of $473K, and assets of $905K (revenue +9.4% year-over-year).
- 2013: Revenue of $579K, expenses of $408K, and assets of $750K (revenue +2.8% year-over-year).
- 2012: Revenue of $563K, expenses of $373K, and assets of $571K (revenue -6.6% year-over-year).
- 2011: Revenue of $603K, expenses of $326K, and assets of $383K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Indianapolis Theatre Fringe Festival Inc:
Data Sources and Methodology
This transparency report for Indianapolis Theatre Fringe Festival 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.