INDIANAPOLIS — Indianapolis Contemporary, Inc. plans to close operations after a review found it was not economically feasible to continue operations.

The contemporary art non-profit organization's board of directors says the impact of the COVID-19 pandemic is making it harder for it to still operate, according to a press release.

"After navigating our relaunch and new direction during the last year, the impact of the coronavirus is certain to exacerbate economic hardships and reduce exhibition opportunities," board president Casey Cronin said in the release. "We have concluded our operations are not sustainable. We are not alone as other arts institutions struggle in this crisis.”

Founded in 2001, the organization worked to curate engaging exhibits and connect people to inspiring and innovative art, according to the release.

“We are grateful for all of our supporters and friends, especially Jeremy Efroymson and the Efroymson Family Fund of the Central Indiana Community Foundation, who has provided significant funding and inspiration over the past 19 years," treasurer Paula Katz said in the release. "We are also grateful for the dedication of our staff, our artists, curators, contractors, vendors, partners, our volunteer Board of Directors and Board of Advisors who have given their time and counsel to our mission.”