Sturgis Motorcycle Museum and Hall of Fame

Analysis

Sturgis Motorcycle Museum and Hall of Fame is a registered charity in United States, based in Sturgis, SD. It received its IRS tax-exemption ruling in December 2001, 25 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, Sturgis Motorcycle Museum and Hall of Fame reported income of $552k and spending of $444k, spending 80% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $367k to $552k (+51%), an average of +8.6% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sturgis Motorcycle Museum and Hall of Fame sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within SD. Charities of a similar size with the same main cause include Contemporary Art Foundation Inc ($552k), Baton Rouge Ballet Theatre Inc ($553k) and Vive Les Arts Societe of Killeen Harker Heights Inc ($552k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $71k (16% of expenses). Other salaries and wages came to $83k. At year end it held assets of $1.3m against liabilities of $392k, net assets of $917k. It reported 7 employees.