Downeast Rail Heritage Preservation Trust

Analysis

Downeast Rail Heritage Preservation Trust is a registered charity in United States, based in Ellsworth, ME. It received its IRS tax-exemption ruling in September 2006, 20 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, Downeast Rail Heritage Preservation Trust reported income of $301k and spending of $266k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $242k to $301k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 204%. 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, Downeast Rail Heritage Preservation Trust 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 62nd percentile, and in the 56th percentile within ME. Charities of a similar size with the same main cause include Bloomington Creative Glass Center ($301k), Silence Is Violence ($301k) and National Jewish Theater Foundation Inc ($301k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 49% of the total. It paid $17k in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $34k, net assets of $1.2m.