Naismith Memorial Basketball Hall of Fame Inc 1150 West Columbus Ave

Analysis

Naismith Memorial Basketball Hall of Fame Inc 1150 West Columbus Ave is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in November 1959, 67 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Naismith Memorial Basketball Hall of Fame Inc 1150 West Columbus Ave reported income of $13.3m and spending of $14.3m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.4m to $13.3m (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2021, when income rose by 274%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Naismith Memorial Basketball Hall of Fame Inc 1150 West Columbus Ave sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Wxxi Public Broadcasting Council ($13.2m), Drum Corps International Inc ($13.3m) and Regional Arts & Culture Council ($13.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $1.7m (12% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $29.3m against liabilities of $7.8m, net assets of $21.6m. It reported 70 employees.