North Carolina Music Hall of Fame Inc

Analysis

North Carolina Music Hall of Fame Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Music Hall of Fame Inc reported income of $146k and spending of $122k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $146k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Carolina Music Hall of Fame Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within TN. Charities of a similar size with the same main cause include PTA California Congrass of Parents Teachers & Students Inc ($146k), Pleasanton Junior Football League Inc ($146k) and California Northern Coastal Area of Alcoholics Anonymous ($146k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $79k against liabilities of $32, net assets of $79k.