Charity Search / ROCK AND ROLL HALL OF FAME AND MUSEUM INC
Arts, Culture & Humanities (A500) IRS Verified DX Registered 990 on File

ROCK AND ROLL HALL OF FAME AND MUSEUM INC

EIN: 34-1520995 · CLEVELAND, OH 44114-1023 · United States · FY 2024 Data
3 out of 5 59 / 100 Based on 2+ years of filings
Financial strength (30%) 78/100
Reliability (20%) 55/100
Effectiveness (25%) 100/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Mission Statement

The Rock and Roll Hall of Fame has a mission to engage, teach, and inspire through the power of rock and roll. In 1983, music industry leaders created the Rock and Roll Hall of Fame Foundation to honor musicians who have made unique contributions to modern culture through music. Following a nationwide search, in 1986 they selected Cleveland as the permanent home for a one-of-a-kind museum. Since opening to the public in 1995 the Rock hall has welcomed more than 11 million visitors from all 50 states and more than 100 foreign countries, and has generated more than $2 billion in local economic impact. The Rock Hall is the world's first museum dedicated to the living heritage of rock and roll music and is the largest and most comprehensive museum that preserves and celebrates rock. Housed in a landmark glass pyramid designed by I. M. Pei (one of only two in the world), the museum showcases 150,000 square feet of interactive displays, performance spaces, and educational exhibits. New installations and items constantly refresh the permanent collection, which includes tens of thousands of musical instruments, stage outfits, album covers, cars and motorcycles, lyric sheets, vintage recording devices, and personal items of musicians and industry professionals spanning every era and genre of rock and roll. The Museum provides engaging and interactive educational experiences for its visitors through music therapy-centered pre-literacy programming for toddlers, standards-based school programs, community programs, and its many exhibits. In 2012, the Rock Hall established a separate Library and Archives on the Metro Campus of Cuyahoga Community College with a distinct mission to collect, preserve, and provide access to resources for researchers, educators, students, journalists, and the public to broaden awareness and understanding of rock and roll, its roots, and its impact on society. Scholars and fans travel to Cleveland from across the globe to access the facility’s more than 300 archival collections.

Financial Overview — FY 2024
$65.3M
Total Revenue
$45.6M
Total Expenses
$211.8M
Net Assets
277
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 81.7%
Fundraising Efficiency 256.6%
Operating Reserve 55.77x
Liability-to-Asset 24.2%
Revenue Diversification 53.8%
Executive Compensation $3.3M
Compared with Peers
FY 2024
Compared with 433 similar organizations (United States, Arts, Culture & Humanities, $10M–$100M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
81.7% 79.7%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
13.5% 13.2%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
4.8% 5.9%
P10P90
Above median
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
256.6% 812.3%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
55.8 mo 29.3 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
24.2% 12.3%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
53.8% 67.9%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
19.1% 7.9%
P10P90
Expense growth
Year over year expense growth
63.8% 7.2%
P10P90
Surplus margin
Surplus as a share of revenue
30.2% 2.0%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $65.3M $45.6M $211.8M 81.7% 277
2023 $54.8M $27.8M $188.3M 74.4% 266
2022 $43.9M $27.0M $156.6M 75.9% 231
2021 $52.6M $33.4M N/A — 211
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Organization Details
EIN
34-1520995
State
OH
City
CLEVELAND
ZIP
44114-1023
Classification
A500
Category
Arts, Culture & Humanities
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1987
Foundation Code
15
Form 990
On File
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