Lake States Railway Historical Association Inc

Analysis

Lake States Railway Historical Association Inc is a registered charity in United States, based in Baraboo, WI. It received its IRS tax-exemption ruling in September 2007, 19 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, Lake States Railway Historical Association Inc reported income of $76k and spending of $45k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $76k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake States Railway Historical Association Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within WI. Charities of a similar size with the same main cause include Formula Automotive Museum ($76k), Georgetown Art Works ($76k) and Layyasaaram Institute of Indian Arts ($76k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. At year end it held assets of $505k against liabilities of $1,584, net assets of $503k.