Danbury Railway Museum Inc

Analysis

Danbury Railway Museum Inc is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in January 1995, 31 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, Danbury Railway Museum Inc reported income of $291k and spending of $320k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $212k to $291k (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2022, when income rose by 182%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Danbury Railway Museum Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within CT. Charities of a similar size with the same main cause include Classical Theatre Company ($291k), Sunrise Communications Inc ($291k) and Chicago Dramatists ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 20% of the total. At year end it held assets of $770k against liabilities of $31k, net assets of $739k.