Midwest Central Railroad

Analysis

Midwest Central Railroad is a registered charity in United States, based in Mt Pleasant, IA. It received its IRS tax-exemption ruling in December 1968, 58 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 December 2023, Midwest Central Railroad reported income of $405k and spending of $462k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $311k to $405k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2021, when income rose by 486%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Midwest Central Railroad sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within IA. Charities of a similar size with the same main cause include Big Imagination Foundation ($405k), Ballet Frontier of Texas ($405k) and Kaleidoscope Chamber Orchestra ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $40k (8.6% of expenses). At year end it held assets of $1.8m against liabilities of $153k, net assets of $1.6m. It reported 1 employees.