Plastics Hall of Fame Inc

Analysis

Plastics Hall of Fame Inc is a registered charity in United States, based in Coon Rapids, MN. It received its IRS tax-exemption ruling in July 2022, 4 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, Plastics Hall of Fame Inc reported income of $114k and spending of $117k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $5,200 to $114k (+2092%), an average of +2092% a year. The sharpest change came in the year to December 2023, when income rose by 2092%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Plastics Hall of Fame Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within MN. Charities of a similar size with the same main cause include Fundacion Yo Te Amo Colorado ($114k), Friends of the Thumb Octagon Barn ($114k) and New Life Foundation ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. At year end it held assets of $55k against liabilities of $68k, net assets of -$13k.