Boothbay Railway Village

Analysis

Boothbay Railway Village is a registered charity in United States, based in Boothbay, ME. It received its IRS tax-exemption ruling in February 1981, 45 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Boothbay Railway Village reported income of $1.0m and spending of $917k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $437k to $1.0m (+134%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boothbay Railway Village sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within ME. Charities of a similar size with the same main cause include The Woodlands Childrens Museum ($1.0m), Matthews Playhouse of Performing Arts Inc ($1.0m) and Virginia Council on Economic Education ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 21% of the total. Other salaries and wages came to $373k. At year end it held assets of $1.8m against liabilities of $24k, net assets of $1.8m. It reported 20 employees.