Nickel Plate Heritage Railroad Inc

Analysis

Nickel Plate Heritage Railroad Inc is a registered charity in United States, based in Noblesville, IN. It received its IRS tax-exemption ruling in November 2011, 15 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, Nickel Plate Heritage Railroad Inc reported income of $1.5m and spending of $960k, leaving 35% of income unspent that year. Across the 6 years on record, from March 2019 to March 2024, income grew from $692k to $1.5m (+114%), an average of +16% a year. The sharpest change came in the year to March 2022, when income rose by 306%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nickel Plate Heritage Railroad 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 83rd percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include Culture Works ($1.5m), Downtown Cabaret Theatre Company of Bridgeport ($1.5m) and Association of Technology Leaders in Independent Schools ($1.5m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 3.6% and program service revenue 95% of the total. Other salaries and wages came to $249k. At year end it held assets of $1.8m against liabilities of $596k, net assets of $1.2m. It reported 64 employees.