Poughkeepsie-Highland Railroad Bridge Co Inc

Analysis

Poughkeepsie-Highland Railroad Bridge Co Inc is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in January 1994, 32 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, Poughkeepsie-Highland Railroad Bridge Co Inc reported income of $1.7m and spending of $1.8m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $480k to $1.7m (+250%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 250%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Poughkeepsie-Highland Railroad Bridge Co Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include The Jeff Cooper Legacy Foundation ($1.7m), The Rna Society ($1.7m) and Christian Chronicle Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $235k (13% of expenses). Other salaries and wages came to $201k. At year end it held assets of $1.5m against liabilities of $219k, net assets of $1.3m. It reported 7 employees.