Pennsylvania Trolley Museum Inc

Analysis

Pennsylvania Trolley Museum Inc is a registered charity in United States, based in Washington, PA. It received its IRS tax-exemption ruling in February 1962, 64 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 December 2023, Pennsylvania Trolley Museum Inc reported income of $3.5m and spending of $1.7m, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.5m to $3.5m (-0.5%), an average of -0.1% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 49% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pennsylvania Trolley Museum Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Meridian Community College FDN ($3.5m), Public Access Corporation of the District of Columbia ($3.5m) and Hospice of Fulton County Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 16% of the total. Other salaries and wages came to $227k. It paid $2,998 in professional fundraising fees. At year end it held assets of $28.5m against liabilities of $2.0m, net assets of $26.5m. It reported 13 employees.