Leatherstocking Railway Historical Society Inc

Analysis

Leatherstocking Railway Historical Society Inc is a registered charity in United States, based in Oneonta, NY. It received its IRS tax-exemption ruling in May 1985, 41 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, Leatherstocking Railway Historical Society Inc reported income of $312k and spending of $216k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $312k (+60%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 198%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Leatherstocking Railway Historical Society Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Music in Schools Today ($312k), 1520 Arts ($312k) and Miami Valley Ballet Theatre Inc ($312k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 77% of the total. Other salaries and wages came to $7,980. At year end it held assets of $557k against liabilities of $187k, net assets of $370k. It reported 1 employees.