Mystic Valley Railway Society Inc

Analysis

Mystic Valley Railway Society Inc is a registered charity in United States, based in Hyde Park, MA. It received its IRS tax-exemption ruling in February 1971, 55 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 March 2023, Mystic Valley Railway Society Inc reported income of $58k and spending of $60k, spending 104% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $126k to $58k (-54%), an average of -18% a year. The sharpest change came in the year to March 2022, when income rose by 49%. 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, Mystic Valley Railway Society Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 31st percentile within MA. Charities of a similar size with the same main cause include Bartlesville Community Concert Association ($58k), Site Projects Inc ($58k) and Hillsboro Festival of the Bells ($58k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 11% and program service revenue 12% of the total. At year end it held assets of $968k against liabilities of $0, net assets of $968k.