National Inventors Hall Of Fame Inc: $49.3M Revenue, $43.7M 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. Total compensation for current officers and key employees was $2.0M (3.99% of revenue). NonprofitTruth efficiency grade: B (73/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $49.3M
- Total Expenses
- $43.7M
- Total Assets
- $61.7M
- Reserve Months
- 16.9 months
- Surplus / (Deficit)
- $5.5M
- EIN
- 341580038
- Latest 990 Year
- 2023
- Current-Officer Compensation
- $2.0M
- Officer Comp % of Revenue
- 3.99%
National Inventors Hall Of Fame Inc grades a B on the NonprofitTruth efficiency rubric. 73/100 on the composite — above the national median, with strong performance on some factors balanced by middling performance on others.
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. Financial health is a strength: National Inventors Hall Of Fame Inc carries a healthy operating-reserve cushion against $43.7M in annual expenses, the kind of balance-sheet stability that helps an organization weather funding gaps without cutting programs.
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. Officer compensation is on the higher side of the band typical for nonprofits this size: $2.0M in total current-officer compensation against $49.3M in revenue. Not necessarily inappropriate — large healthcare systems and university systems often pay competitively with for-profit equivalents — but worth reading in context. 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.
How National Inventors Hall Of Fame Inc Compares
National Inventors Hall Of Fame Inc earns a NonprofitTruth efficiency grade of B (73/100). That is 17 points above the Arts, Culture & Humanities category average. Compensation for current officers and key employees represents 3.99% of total revenue. The organization holds 16.9 months of operating reserves, indicating strong financial cushion.
990 Financial Snapshot
Based on IRS tax-exempt organization data, National Inventors Hall Of Fame Inc reported $49.3M in revenue against $43.7M in total functional expenses for filing year 2023, holding roughly 16.9 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.
The 990 reports $2.0M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 3.99% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.
Revenue History
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National Inventors Hall Of Fame Inc has a NonprofitTruth Efficiency Score of B (73/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
National Inventors Hall Of Fame Inc, Donor FAQ
National Inventors Hall Of Fame Inc has a NonprofitTruth Efficiency Score of B (73/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
National Inventors Hall Of Fame Inc reports $2.0M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 3.99% of the organization's $49.3M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.
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.
National Inventors Hall Of Fame Inc holds approximately 16.9 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its B efficiency grade.
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.
Similar Arts, Culture & Humanities Nonprofits
Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.