T R C Hall of Fame & Associates Inc

Analysis

T R C Hall of Fame & Associates Inc is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in March 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, T R C Hall of Fame & Associates Inc reported income of $204k and spending of $154k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $147k to $204k (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, T R C Hall of Fame & Associates Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Pacific Tsunami Museum Inc ($204k), Staunton Augusta Art Center Inc ($204k) and Schola Cantorum Inc ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. At year end it held assets of $257k against liabilities of $0, net assets of $257k.