Friends of the Nevada Southernrailway Inc

Analysis

Friends of the Nevada Southernrailway Inc is a registered charity in United States, based in Boulder City, NV. It received its IRS tax-exemption ruling in December 2008, 18 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, Friends of the Nevada Southernrailway Inc reported income of $390k and spending of $476k, spending 122% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $348k to $390k (+12%), an average of +5.7% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Nevada Southernrailway Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within NV. Charities of a similar size with the same main cause include Csab Inc ($390k), Monroe Council of the Arts Corporation ($390k) and Opus 118 Harlem School of Music ($389k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 95% of the total. At year end it held assets of $337k against liabilities of $83k, net assets of $254k.