Cuyahoga Valley Preservation and Scenic Railway Association

Analysis

Cuyahoga Valley Preservation and Scenic Railway Association is a registered charity in United States, based in Peninsula, OH. It received its IRS tax-exemption ruling in November 1972, 54 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, Cuyahoga Valley Preservation and Scenic Railway Association reported income of $6.4m and spending of $6.5m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.6m to $6.4m (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2021, when income rose by 253%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cuyahoga Valley Preservation and Scenic Railway Association sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Entomological Society of America ($6.4m), New Hampshire Public Broadcasting ($6.4m) and Iup Research Institute ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $183k (2.8% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $10.8m against liabilities of $1.2m, net assets of $9.5m. It reported 97 employees.