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Arts, Culture & Humanities · 2023 Form 990

National Inventors Hall Of Fame Inc: $49.3M Revenue, $34.1M Program Expenses

North Canton, Ohio · EIN 341580038 · Filing year 2023

National Inventors Hall Of Fame Inc reported $49.3M in total revenue, $43.7M in total expenses, and $61.7M in total assets on its 2023 IRS Form 990. 78.0% of expenses ($34.1M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: A (82/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

A
Efficiency Score
82/100

Key Facts (2023 Form 990)

Total Revenue
$49.3M
Total Expenses
$43.7M
Program Expenses
$34.1M
Program Expense Ratio
78.0%
Total Assets
$61.7M
Reserve Months
16.9 months
EIN
341580038
Latest 990 Year
2023
Top Officer Compensation
Not reported

National Inventors Hall Of Fame Inc earns an A on the nonprofit efficiency rubric — a top-tier rating that reflects strong program-spending ratios, reasonable executive compensation, and stable financial reserves. The composite score of 82/100 places it in the upper bracket of U.S. tax-exempt organizations.

At $49.3M in 2023 revenue, National Inventors Hall Of Fame Inc sits in the mid-range of the U.S. nonprofit distribution. Most organizations of this scale operate regionally or focus on a single program area. Program-spending efficiency is strong: 80% of total expenses flow to program activities, above the 75% benchmark most third-party charity raters use.

Revenue has grown meaningfully across the five-year filing history — a sign of expanding donor base, new grants, or scaling programs. National Inventors Hall Of Fame Inc reported $49.3M in 2023, up notably from the start of the window. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. National Inventors Hall Of Fame Inc sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.


$49.3M
Revenue
$43.7M
Expenses
$61.7M
Total Assets
78.0%
Program Spending

How National Inventors Hall Of Fame Inc Compares

National Inventors Hall Of Fame Inc directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 82/100 is 13 points above the Arts, Culture & Humanities category average. The organization holds 16.9 months of operating reserves, indicating strong financial stability.

Financials

Where Your Donation Goes

$34.1M
Program Spending
78.0% of expenses
Not reported
CEO Compensation
16.9 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, for every dollar donated to National Inventors Hall Of Fame Inc, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.

Trend

Revenue History


National Inventors Hall Of Fame Inc has an Efficiency Score of A (82/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

National Inventors Hall Of Fame Inc, Donor FAQ

National Inventors Hall Of Fame Inc has an Efficiency Score of A (82/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

CEO/officer compensation for National Inventors Hall Of Fame Inc is not reported in the most recent IRS 990 filing on file.

National Inventors Hall Of Fame Inc reported $49.3M in annual revenue and $43.7M in total expenses for filing year 2023. The organization holds $61.7M in total assets.

For every dollar donated to National Inventors Hall Of Fame Inc, approximately 78.0 cents goes to program activities. The organization has 16.9 months of operating reserves, providing financial stability to sustain its mission.

National Inventors Hall Of Fame Inc is a registered 501(c) organization with EIN 341580038, based in North Canton, Ohio. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.