Indianapolis Museum Of Art Inc: $62.0M Revenue, $45.9M Expenses
Indianapolis, Indiana · EIN 350867955 · Filing year 2023
Indianapolis Museum Of Art Inc reported $62.0M in total revenue, $45.9M in total expenses, and $526.5M in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $1.3M (2.08% of revenue). NonprofitTruth efficiency grade: C (50/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $62.0M
- Total Expenses
- $45.9M
- Total Assets
- $526.5M
- Reserve Months
- 137.6 months
- Surplus / (Deficit)
- $16.1M
- EIN
- 350867955
- Latest 990 Year
- 2023
- Current-Officer Compensation
- $1.3M
- Officer Comp % of Revenue
- 2.08%
The composite efficiency score of 50/100 puts Indianapolis Museum Of Art Inc at C — neither standout nor failing. Some factors run above the median (often reserves) while others run below (often revenue stability or officer-comp ratio).
Indianapolis Museum Of Art Inc reported $62.0M in 2023 revenue — a mid-sized nonprofit by U.S. standards. Organizations in this bracket typically operate with a small permanent staff, project-based program structures, and modest reserves. On the financial-health factor, Indianapolis Museum Of Art Inc runs thin — assets relative to annual spending fall below the cushion nonprofit-finance experts typically recommend.
Five-year revenue trend is mildly negative: a modest decline that could reflect grant-cycle timing, donor turnover, or program wind-down. Worth checking against the program-spending pattern to see whether the decline is structural. Compensation for current officers and key employees runs $1.3M against $62.0M in revenue — within the band third-party charity raters typically consider reasonable for an organization of this size and complexity. This is an aggregate across all listed officers, not a single executive's salary. Indianapolis Museum Of Art Inc sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.
How Indianapolis Museum Of Art Inc Compares
Indianapolis Museum Of Art Inc earns a NonprofitTruth efficiency grade of C (50/100). That is 6 points below the Arts, Culture & Humanities category average. Compensation for current officers and key employees represents 2.08% of total revenue. The organization holds 137.6 months of operating reserves, indicating strong financial cushion.
990 Financial Snapshot
Based on IRS tax-exempt organization data, Indianapolis Museum Of Art Inc reported $62.0M in revenue against $45.9M in total functional expenses for filing year 2023, holding roughly 137.6 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.
The 990 reports $1.3M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 2.08% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.
Revenue History
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Indianapolis Museum Of Art Inc has a NonprofitTruth Efficiency Score of C (50/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Indianapolis Museum Of Art Inc, Donor FAQ
Indianapolis Museum Of Art Inc has a NonprofitTruth Efficiency Score of C (50/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Indianapolis Museum Of Art Inc reports $1.3M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 2.08% of the organization's $62.0M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.
Indianapolis Museum Of Art Inc reported $62.0M in annual revenue and $45.9M in total expenses for filing year 2023. The organization holds $526.5M in total assets.
Indianapolis Museum Of Art Inc holds approximately 137.6 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its C efficiency grade.
Indianapolis Museum Of Art Inc is a registered 501(c) organization with EIN 350867955, based in Indianapolis, Indiana. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
Similar Arts, Culture & Humanities Nonprofits
Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.