Womens Basketball Hall of Fame Inc

Analysis

Womens Basketball Hall of Fame Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Womens Basketball Hall of Fame Inc reported income of $1.8m and spending of $1.9m, spending 107% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $1.7m to $1.8m (+3.2%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 150%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Womens Basketball Hall of Fame Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Friends of Hoyt Park ($1.8m), Tulare County Junior Livestock Show and Community Fair ($1.8m) and Needham Soccer Club ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $100k (5.3% of expenses). Other salaries and wages came to $336k. At year end it held assets of $5.2m against liabilities of $431k, net assets of $4.8m. It reported 17 employees.