Indiana Railway Museum Inc

Analysis

Indiana Railway Museum Inc is a registered charity in United States, based in French Lick, IN. It received its IRS tax-exemption ruling in August 1969, 57 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, Indiana Railway Museum Inc reported income of $3.6m and spending of $3.0m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $3.6m (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 1129%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Indiana Railway Museum Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Town Hall Theater Inc ($3.6m), Irving S Gilmore International Keyboard Festival ($3.6m) and Mission West Virginia ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 77% of the total. Other salaries and wages came to $697k. At year end it held assets of $16.6m against liabilities of $3.6m, net assets of $13.1m. It reported 186 employees.