Tri-State Railway Historical Society Inc

Analysis

Tri-State Railway Historical Society Inc is a registered charity in United States, based in Boonton, NJ. It received its IRS tax-exemption ruling in November 1977, 49 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tri-State Railway Historical Society Inc reported income of $102k and spending of $121k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $112k to $102k (-9.3%), an average of -9.3% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tri-State Railway Historical Society Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 45th percentile within NJ. Charities of a similar size with the same main cause include Lansdale Historical Society ($102k), Friends of Chamber Music of Miami Inc ($102k) and Art Center of Estes Park ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 77% of the total. At year end it held assets of $224k against liabilities of $0, net assets of $224k.