Adirondack Railway Preservation Society

Analysis

Adirondack Railway Preservation Society is a registered charity in United States, based in Utica, NY. It received its IRS tax-exemption ruling in October 1993, 33 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, Adirondack Railway Preservation Society reported income of $2.5m and spending of $2.6m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $2.5m (-6.6%), an average of -1.7% a year. The sharpest change came in the year to December 2021, when income rose by 360%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Adirondack Railway Preservation Society 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 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($2.5m), Hockessin Soccer Club ($2.5m) and Market House Theatre of Paducah Kentucky Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.5% and program service revenue 86% of the total. Other salaries and wages came to $842k. At year end it held assets of $2.9m against liabilities of $1.0m, net assets of $1.9m. It reported 31 employees.