Whippany Railway Museum

Analysis

Whippany Railway Museum is a registered charity in United States, based in Whippany, NJ. It received its IRS tax-exemption ruling in February 1979, 47 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, Whippany Railway Museum reported income of $195k and spending of $169k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $181k to $195k (+7.8%), an average of +1.9% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Whippany Railway Museum sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 60th percentile within NJ. Charities of a similar size with the same main cause include A Pictures Worth Inc ($195k), Zorongo Flamenco Inc ($195k) and Winterland Music Outreach Foundation Inc ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 96% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.