National Sprint Car Hall of Fame & Museum Foundation Inc

Analysis

National Sprint Car Hall of Fame & Museum Foundation Inc is a registered charity in United States, based in Knoxville, IA. It received its IRS tax-exemption ruling in September 1987, 39 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 September 2023, National Sprint Car Hall of Fame & Museum Foundation Inc reported income of $1.7m and spending of $1.3m, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.7m (+35%), an average of +7.8% a year. The sharpest change came in the year to September 2021, when income rose by 216%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Sprint Car Hall of Fame & Museum Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within IA. Charities of a similar size with the same main cause include Berkeley Ballet Theatre Inc ($1.7m), Techfreedom ($1.7m) and The Cahoon Museum of American Art Inc ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 26% of the total. Compensation of current officers, directors and key employees was $106k (7.9% of expenses). Other salaries and wages came to $392k. At year end it held assets of $8.1m against liabilities of $339k, net assets of $7.8m. It reported 27 employees.