New England Electric Railway Historical Society

Analysis

New England Electric Railway Historical Society is a registered charity in United States, based in Kennebunkport, ME. It received its IRS tax-exemption ruling in January 1948, 78 years ago. 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, New England Electric Railway Historical Society reported income of $1.7m and spending of $1.1m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $1.7m (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2021, when income rose by 264%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New England Electric Railway Historical Society sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within ME. Charities of a similar size with the same main cause include Volunteer Lawyers Network ($1.7m), Rio Grande Community Development Corporation ($1.7m) and Rock Prairie Montessori Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $102k (9.2% of expenses). Other salaries and wages came to $522k. At year end it held assets of $11.0m against liabilities of $194k, net assets of $10.8m. It reported 16 employees.