Elgin Sports Hall of Fame Foundation Inc

Analysis

Elgin Sports Hall of Fame Foundation Inc is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in June 1989, 37 years ago. 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, Elgin Sports Hall of Fame Foundation Inc reported income of $90k and spending of $96k, spending 107% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $209k to $90k (-57%), an average of -24% a year. The sharpest change came in the year to December 2021, when income dropped by 65%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elgin Sports Hall of Fame Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within IL. Charities of a similar size with the same main cause include Chakra Institute Inc ($90k), Mercy Properties II Inc ($90k) and Old Bath Custom House Inc ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 14% of the total. At year end it held assets of $321k against liabilities of $0, net assets of $321k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.