Rock and Roll Hall of Fame and Museum Inc

Analysis

Rock and Roll Hall of Fame and Museum Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in June 1987, 39 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, Rock and Roll Hall of Fame and Museum Inc reported income of $54.8m and spending of $27.8m, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $36.8m to $54.8m (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 193%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rock and Roll Hall of Fame and Museum Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include American Society for Microbiology ($54.4m), Philadelphia Orchestra Association ($55.2m) and Corporation of the Fine Arts Museums ($54.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $3.0m (11% of expenses). Other salaries and wages came to $8.6m. At year end it held assets of $198.8m against liabilities of $10.5m, net assets of $188.3m. It reported 266 employees.