16 Tech Community Corporation
1220 Waterway Blvd, Indianapolis, IN · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $10,977,439 | $11,322,528 | $109,115,820 |
| FY2023 | $32,510,954 | $14,335,262 | $109,581,181 |
| FY2022 | $21,301,337 | $9,829,406 | $91,619,332 |
| FY2021 | $43,820,376 | $25,202,752 | $79,210,931 |
| FY2020 | $53,794,258 | $42,555,455 | $60,861,088 |
| FY2019 | $39,161,475 | $22,388,888 | $49,644,399 |
| FY2018 | $21,448,887 | $2,352,753 | $32,871,812 |
| FY2017 | $10,153,975 | $1,242,040 | $13,775,678 |
| FY2016 | $6,978,103 | $1,767,715 | $4,863,743 |
| FY2015 | $0 | $346,645 | -$346,645 |
Form 990 filings
The returns filed by 16 Tech Community Corporation (EIN 81-0853467), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $7,284,137 | 66% |
| Program service revenue | $2,970,286 | 27% |
| Other revenue | $723,016 | 7% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $8,846,346 | 78% |
| Management & general | $2,250,930 | 20% |
| Fundraising | $225,252 | 2% |
What the numbers show
- Contributions & grants made up 66% of total revenue in FY2024.
- Program services accounted for 78% of functional expenses, management & general 20%, and fundraising 2%.
- 78% of functional expenses went to program services in FY2024. That is higher than 19% of 480 Community Improvement & Capacity Building organizations nationwide (too few in IN for a state comparison).
- Net assets covered about 115.6 months of expenses at the end of the reporting year. That puts it in the 88th percentile among 524 Community Improvement & Capacity Building organizations in IN.
- Total revenue was higher than 98.1% of 532 Community Improvement & Capacity Building organizations in IN.
- Total revenue rose from $0 in FY2015 to $10,977,439 in FY2024. Revenue increased in 6 and decreased in 3 of 9 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 10 reported years (FY2015, FY2024).
- The highest revenue on record here is $53,794,258 in FY2020.
- Net assets grew from -$346,645 to $109,115,820 between FY2015 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
16 TECH COMMUNITY CORPORATION (16TCC) IS RESPONSIBLE FOR THE DEVELOPMENT OF THE 50-ACRE 16 TECH INNOVATION DISTRICT, A GROWING MIXED-USE DESTINATION FOR ENTREPRENEURSHIP AND INNOVATION IN INDIANAPOLIS.
IRS status
| Ruling year | 2016 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | S30 — Community Improvement & Capacity Building |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization). |
Similar organizations
- Applied Research Institute — Bloomington, IN · $76,880,879
- Indianapolis Foundation Inc — Indianapolis, IN · $129,958,722
- Strada Education Foundation Inc — Indianapolis, IN · $207,660,821
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.