Hendricks Live Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO CREATE MEMORABLE EXPERIENCES FOR CENTRAL INDIANA'S DIVERSE COMMUNITIES BY PRESENTING, PRODUCING AND HOSTING EXCEPTIONAL ART, ENTERTAINMENT AND COMMUNITY EVENTS.
- Income
- $1.9 million
- Spending
- $2.1 million
- Spent on programs
- 52%
- Reserves
- -0.8 months of spending
- Largest source of income
- government grants, 40%
- Employees
- 25
- Volunteers
- 70
- Highest pay
- $85,268, executive di
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 32 out of 100. Higher than 5% of charities in its peer group (arts and culture, $1m to $10m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
5 of 20It owes 74% of what it owns.
Living within its means
4 of 15Spending exceeded income by 9% of income.
Income trend
15 of 15Income rose 13% on the year before.
Spending floor
8 of 1552% of spending went to programs and raising each dollar of donations cost 1 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 85 out of 100. Higher than 38% of charities in its peer group (arts and culture, $1m to $10m).
Independent board
25 of 2515 of 15 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
0 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $939,729 spent. HENDRICKS LIVE PRESENTS PERFORMANCES FROM NATIONAL TOURING ARTISTS TO ENCOURAGE, SUPPORT AND PROMOTE ARTS EDUCATION IN THE COUNTY, AS WELL AS TO PROMOTE THE SOCIAL WELFARE OF THE COUNTY'S RESIDENTS BY ENHANCING AND IMPROVING ACCESS TO AND EDUCATION IN THE ARTS IN THE COUNTY.
- $6,598 spent. HENDRICKS LIVE PRESENTS PERFORMANCES OF COMMUNITY ARTS ORGANIZATIONS; INCLUDING THE HENDRICKS CIVIC THEATRE, THE HENDRICKS SYMPHONY, THE CHILDREN'S BALLET, AND THE HENDRICKS COUNTY ARTS COUNCIL TO ENCOURAGE, SUPPORT, AND PROMOTE THE ARTS IN THE COUNTY, AS WELL AS TO FOSTER, DEVELOP AND MAINTAIN CONDITIONS THAT CONTRIBUTE TO THE IMPROVEMENT OF THE ARTS IN AND AROUND THE COUNTY.
- $152,365 spent. HENDRICKS LIVE PRESENTS PERFORMANCES AND HOSTS THE COMMUNITY TO FULFILL ITS MISSION OF PROMOTING ARTISTIC EXCELLENCE, INCREASING ACCESS TO THE ARTS, IMPROVING QUALITY OF LIFE AND DRIVING ECONOMIC GROWTH IN THE REGION.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2023.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.