Off-Road Motorsports Hall of Fame

Analysis

Off-Road Motorsports Hall of Fame is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in July 2003, 23 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, Off-Road Motorsports Hall of Fame reported income of $333k and spending of $287k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $405k to $333k (-18%), an average of -4.7% a year. The sharpest change came in the year to December 2022, when income rose by 145%. Over the whole period it spent 45% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Off-Road Motorsports Hall of Fame sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within NV. Charities of a similar size with the same main cause include Danbury Music Centre Inc ($333k), Heal the Hood Foundation of Memphis ($333k) and Kauai Philippine Cultural Center ($333k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 35% of the total. At year end it held assets of $2.0m against liabilities of $1,859, net assets of $2.0m.