Automotive Hall of Fame Inc

Analysis

Automotive Hall of Fame Inc is a registered charity in United States, based in Dearborn, MI. It received its IRS tax-exemption ruling in June 1997, 29 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, Automotive Hall of Fame Inc reported income of $1.0m and spending of $2.3m, spending 217% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.0m (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2021, when income rose by 141%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Automotive Hall of Fame Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include Asociacion Acirc Corp ($1.0m), Symphony Tacoma ($1.0m) and Carbon Cycle Institute ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $245k (11% of expenses). Other salaries and wages came to $591k. At year end it held assets of $3.8m against liabilities of $62k, net assets of $3.7m. It reported 21 employees.