The Maine Narrow Gauge Railroad and Industrial Hertiage Trust

Analysis

The Maine Narrow Gauge Railroad and Industrial Hertiage Trust is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover science and technology, 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 March 2022, The Maine Narrow Gauge Railroad and Industrial Hertiage Trust reported income of $1.2m and spending of $697k, leaving 44% of income unspent that year. The sharpest change came in the year to March 2022, when income rose by 165%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Maine Narrow Gauge Railroad and Industrial Hertiage Trust sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within ME. Charities of a similar size with the same main cause include Friends of the Longmont Museum ($1.2m), Studio Incamminati ($1.2m) and Indiespace Inc ($1.2m).

On its Form 990 for the period ending March 2022, revenue came from contributions and grants 40% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $69k (9.9% of expenses). Other salaries and wages came to $132k. At year end it held assets of $2.2m against liabilities of $592k, net assets of $1.6m. It reported 14 employees.