Railroaders Heritage Corporation

Analysis

Railroaders Heritage Corporation is a registered charity in United States, based in Altoona, PA. It received its IRS tax-exemption ruling in October 1975, 51 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Railroaders Heritage Corporation reported income of $2.1m and spending of $1.3m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $722k to $2.1m (+184%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 317%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Railroaders Heritage Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Charlottesville Ballet ($2.0m), Thomas S Kenan Institute for the Arts Supporting Organization ($2.1m) and Cleveland Ballet ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $61k (4.7% of expenses). Other salaries and wages came to $238k. It paid $18k in professional fundraising fees. At year end it held assets of $12.5m against liabilities of $311k, net assets of $12.2m. It reported 17 employees.