Maine Sports Hall of Fame Inc

Analysis

Maine Sports Hall of Fame Inc is a registered charity in United States, based in Cumberlnd Ctr, ME. It received its IRS tax-exemption ruling in July 1973, 53 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Maine Sports Hall of Fame Inc reported income of $62k and spending of $44k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $26k to $62k (+134%), an average of +134% a year. The sharpest change came in the year to December 2023, when income rose by 134%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maine Sports Hall of Fame Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 17th percentile within ME. Charities of a similar size with the same main cause include Womens International Study Center ($62k), Society for Preservation & Encrgmnt of Barbershop Quartet Singing Amer ($62k) and Maine Ski and Snowboard Museum ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $41k against liabilities of $28k, net assets of $14k.