Friends of the Railroad Museum of Pennsylvania

Analysis

Friends of the Railroad Museum of Pennsylvania is a registered charity in United States, based in Strasburg, PA. It received its IRS tax-exemption ruling in November 1984, 42 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 June 2023, Friends of the Railroad Museum of Pennsylvania reported income of $927k and spending of $917k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $927k (-14%), an average of -3.7% a year. The sharpest change came in the year to June 2021, when income rose by 108%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Railroad Museum of Pennsylvania sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Virginia Discovery Museum Inc ($927k), Theater Wit NFP ($927k) and A Far Cry Inc ($926k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 41% of the total. Other salaries and wages came to $456k. At year end it held assets of $2.0m against liabilities of $201k, net assets of $1.8m. It reported 16 employees.