Colorado Model Railroad Museum

Analysis

Colorado Model Railroad Museum is a registered charity in United States, based in Greeley, CO. It received its IRS tax-exemption ruling in May 2010, 16 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 March 2024, Colorado Model Railroad Museum reported income of $353k and spending of $352k, spending 100% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $275k to $353k (+28%), an average of +6.4% a year. The sharpest change came in the year to March 2021, when income rose by 51%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Colorado Model Railroad Museum sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CO. Charities of a similar size with the same main cause include Association of Zambians in Seattle ($353k), Baileys Cafe Inc ($353k) and Isadoranow Foundation ($353k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 27% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $43k (12% of expenses). Other salaries and wages came to $109k. At year end it held assets of $1.2m against liabilities of $4,885, net assets of $1.2m. It reported 9 employees.