Michigan Sports Hall of Fame Inc

Analysis

Michigan Sports Hall of Fame Inc is a registered charity in United States, based in Birmingham, MI. It received its IRS tax-exemption ruling in November 2022, 4 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, Michigan Sports Hall of Fame Inc reported income of $83k and spending of $127k, spending 153% of what it took in. Across the 4 years on record, from December 2018 to December 2023, income fell from $138k to $83k (-40%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Michigan Sports Hall of Fame Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within MI. Charities of a similar size with the same main cause include Leapfest Association ($83k), Hattheatre Inc ($83k) and Capital Pride Band of Columbus ($83k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $933k against liabilities of $0, net assets of $933k.