Medina Railroad Museum

Analysis

Medina Railroad Museum is a registered charity in United States, based in Medina, NY. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Medina Railroad Museum reported income of $1.2m and spending of $1.2m, spending 98% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.1m to $1.2m (+9.3%), an average of +2.2% a year. The sharpest change came in the year to March 2022, when income rose by 1137%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Medina Railroad Museum sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Civic Theatre of Allentown Pa ($1.2m), Front Porch Arts Collective of Boston ($1.2m) and Cyberup ($1.2m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 1.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $77k (6.4% of expenses). Other salaries and wages came to $121k. At year end it held assets of $1.6m against liabilities of $555k, net assets of $1.0m. It reported 9 employees.