The Oyster Bay Railroad Museum

Analysis

The Oyster Bay Railroad Museum is a registered charity in United States, based in Oyster Bay, NY. It received its IRS tax-exemption ruling in April 1999, 27 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, The Oyster Bay Railroad Museum reported income of $183k and spending of $263k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $221k to $183k (-17%), an average of -4.7% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 67% 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 Oyster Bay Railroad Museum sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Historic Draper Playhouse ($183k), Spencer Community Theatre Inc ($183k) and Society of the Danube-Swabians of the U S a ($183k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.5% of the total. Other salaries and wages came to $15k. At year end it held assets of $1.5m against liabilities of $3,280, net assets of $1.5m. It reported 8 employees.