Branford Electric Railway Assoc Inc

Analysis

Branford Electric Railway Assoc Inc is a registered charity in United States, based in East Haven, CT. It received its IRS tax-exemption ruling in September 1955, 71 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, Branford Electric Railway Assoc Inc reported income of $600k and spending of $789k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $624k to $600k (-3.8%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Branford Electric Railway Assoc Inc 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 73rd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include Shenandoah Valley Music Festival ($600k), Farmington Valley Arts Center Inc ($600k) and Bishop Hill Heritage Association ($600k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $68k (8.6% of expenses). Other salaries and wages came to $106k. At year end it held assets of $2.6m against liabilities of $522k, net assets of $2.0m. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.