Indiana Basketball Hall of Fame Foundation Inc

Analysis

Indiana Basketball Hall of Fame Foundation Inc is a registered charity in United States, based in New Castle, IN. It received its IRS tax-exemption ruling in December 1965, 61 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 June 2023, Indiana Basketball Hall of Fame Foundation Inc reported income of $789k and spending of $744k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $632k to $789k (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2021, when income rose by 276%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Indiana Basketball Hall of Fame Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include Songs4soldiers NFP ($789k), National Federation of Community Broadcasters Inc ($789k) and Friends of Chamber Music ($788k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 41% of the total. Other salaries and wages came to $273k. At year end it held assets of $5.4m against liabilities of $858, net assets of $5.4m. It reported 12 employees.