Greater Cleveland Sports Hall of Fame Inc

Analysis

Greater Cleveland Sports Hall of Fame Inc is a registered charity in United States, based in Westlake, OH. It received its IRS tax-exemption ruling in August 2001, 25 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, Greater Cleveland Sports Hall of Fame Inc reported income of $345k and spending of $157k, leaving 55% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $443k to $345k (-22%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 38% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greater Cleveland Sports Hall of Fame Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within OH. Charities of a similar size with the same main cause include Cracked Pots Inc ($345k), Germantown Community Theater Inc ($345k) and Galloping Goose Historical Society of Dolores Inc ($345k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $24k (15% of expenses). At year end it held assets of $947k against liabilities of $0, net assets of $947k.