North Carolina Sports Hall of Fame Inc

Analysis

North Carolina Sports Hall of Fame Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in January 1970, 56 years ago. 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, North Carolina Sports Hall of Fame Inc reported income of $690k and spending of $521k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $293k to $690k (+136%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 130%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Carolina Sports Hall of Fame Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Wellsprings Friends School ($690k), Quad City Conservation Alliance Inc ($690k) and Giving Tree Farm Inc ($690k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $200k (38% of expenses). At year end it held assets of $288k against liabilities of $144k, net assets of $144k. It reported 2 employees.