Massachusetts Bay Railroad Enthusiasts Inc

Analysis

Massachusetts Bay Railroad Enthusiasts Inc is a registered charity in United States, based in Andover, MA. It received its IRS tax-exemption ruling in December 1972, 54 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 August 2023, Massachusetts Bay Railroad Enthusiasts Inc reported income of $161k and spending of $135k, spending 84% of its income. Across the 2 years on record, from August 2022 to August 2023, income fell from $181k to $161k (-11%), an average of -11% a year. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Massachusetts Bay Railroad Enthusiasts Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Amoskeag Rowing Club ($161k), Workshop in Business Opportunities Inc ($161k) and Chadds Ford Historical Society ($161k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 33% and program service revenue 25% of the total. At year end it held assets of $459k against liabilities of $23k, net assets of $436k.