Colorado Sports Hall of Fame

Analysis

Colorado Sports Hall of Fame is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in June 1965, 61 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, Colorado Sports Hall of Fame reported income of $597k and spending of $626k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $827k to $597k (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2021, when income rose by 1297%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Colorado Sports Hall of Fame sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CO. Charities of a similar size with the same main cause include Science Fiction and Fantasy Writers of America Inc ($597k), Cary Chinese School ($597k) and Jewish Russian Learning Center Inc ($597k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $155k (25% of expenses). Other salaries and wages came to $175k. At year end it held assets of $1.6m against liabilities of $54k, net assets of $1.5m. It reported 22 employees.