American Steam Railroadpreservation Association Inc

Analysis

American Steam Railroadpreservation Association Inc is a registered charity in United States, based in Mount Vernon, OH. It received its IRS tax-exemption ruling in May 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, American Steam Railroadpreservation Association Inc reported income of $81k and spending of $158k, spending 195% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $71k to $81k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 743%. Over the whole period it spent 165% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Steam Railroadpreservation Association Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within OH. Charities of a similar size with the same main cause include Tucson Youth Music Center ($81k), Footlight Players ($81k) and Chinese Community Center of Flushing Inc ($81k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 114% of the total. At year end it held assets of $34k against liabilities of $277k, net assets of -$243k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.