Wiscasset Waterville & Farmington Railway Museum

Analysis

Wiscasset Waterville & Farmington Railway Museum is a registered charity in United States, based in Alna, ME. It received its IRS tax-exemption ruling in September 1992, 34 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wiscasset Waterville & Farmington Railway Museum reported income of $638k and spending of $340k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $474k to $638k (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2020, when income rose by 60%. Over the whole period it spent 35% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wiscasset Waterville & Farmington Railway Museum sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 69th percentile within ME. Charities of a similar size with the same main cause include Arlekin Players Theatre ($638k), Iqra Cultural Center Inc ($638k) and Act 2 Inc ($638k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 23% of the total. At year end it held assets of $5.2m against liabilities of $150k, net assets of $5.1m.