Public & Societal Benefit
(W70)
990 on File
NORTH CAROLINA MUSIC HALL OF FAME INC
Financial strength (30%)
54/100
Reliability (20%)
55/100
Effectiveness (25%)
51/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$77K
Total Revenue
$123K
Total Expenses
$33K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
66.0%
Fundraising Efficiency
719.3%
Operating Reserve
3.23x
Liability-to-Asset
0.2%
Revenue Diversification
145.1%
Compared with Peers
FY 2024
Compared with 1,513 similar organizations
(United States, Public & Societal Benefit, $100K–$1M 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
|
66.0% | 85.7% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
719.3% | 9.7% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
3.2 mo | 8.5 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.2% | 0.6% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
145.1% | 97.0% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
-47.3% | 9.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
0.8% | 11.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-59.2% | 2.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $77K | $123K | $33K | 66.0% | — |
| 2023 | $146K | $122K | $79K | 66.1% | — |
| 2022 | $102K | $108K | $54K | 100.0% | — |
| 2021 | $85K | $111K | N/A | — | 1 |
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