United Railroad Historical Society of New Jersey Inc

Analysis

United Railroad Historical Society of New Jersey Inc is a registered charity in United States, based in Boonton, NJ. It received its IRS tax-exemption ruling in August 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, United Railroad Historical Society of New Jersey Inc reported income of $1.1m and spending of $384k, leaving 66% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $79k to $1.1m (+1325%), an average of +94% a year. The sharpest change came in the year to March 2023, when income rose by 511%. Over the whole period it spent 45% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, United Railroad Historical Society of New Jersey Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Republic County Historical Society ($1.1m), Society of Vacuum Coaters ($1.1m) and Digital Dollar Project Inc ($1.1m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 2.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $26k (6.8% of expenses). At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m. It reported 1 employees.