Railroad Museum of New England Inc

Analysis

Railroad Museum of New England Inc is a registered charity in United States, based in Thomaston, CT. It received its IRS tax-exemption ruling in February 1973, 53 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, Railroad Museum of New England Inc reported income of $162k and spending of $215k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $704k to $162k (-77%), an average of -31% a year. The sharpest change came in the year to December 2021, when income rose by 643%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Railroad Museum of New England Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within CT. Charities of a similar size with the same main cause include Cultural Arts Society of West Jordan ($162k), Philadelphia Association of Black Journalists ($162k) and Athena Project ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 22% of the total. At year end it held assets of $2.7m against liabilities of $150k, net assets of $2.5m.