Railway and Locomotive Historical Society Inc

Analysis

Railway and Locomotive Historical Society Inc is a registered charity in United States, based in University PK, FL. It received its IRS tax-exemption ruling in January 1955, 71 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, Railway and Locomotive Historical Society Inc reported income of $350k and spending of $105k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $451k to $350k (-23%), an average of -6.2% a year. The sharpest change came in the year to December 2022, when income dropped by 117%. Over the whole period it spent 27% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Railway and Locomotive Historical Society Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Volunteers of America Inc ($349k), Upson Rockhaven Inc ($350k) and Waste Not Want Not Community Kitchen Inc ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 3.1% of the total. At year end it held assets of $2.7m against liabilities of $105k, net assets of $2.6m.