Midwest Railway Preservation Society Inc

Analysis

Midwest Railway Preservation Society Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in April 1969, 57 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, Midwest Railway Preservation Society Inc reported income of $200k and spending of $188k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $231k to $200k (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Midwest Railway Preservation Society Inc sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within OH. Charities of a similar size with the same main cause include Machis Lower Creek Indian Tribe of Alabama ($200k), Morgantown Chinese Christian & Missionary Alliance Church ($200k) and Kalamazoo Choral Arts Inc ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $12k (6.5% of expenses). At year end it held assets of $4.4m against liabilities of $198k, net assets of $4.2m.