Southeastern Railway Museum

Analysis

Southeastern Railway Museum is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in July 2014, 12 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 2022, Southeastern Railway Museum reported income of $672k and spending of $604k, spending 90% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $380k to $672k (+77%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 174%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southeastern Railway Museum sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within GA. Charities of a similar size with the same main cause include Dance It Forward ($672k), Laurel School of Music ($672k) and Arts Empowering Life Inc ($672k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 31% and program service revenue 43% of the total. Other salaries and wages came to $103k. It paid $27k in professional fundraising fees. At year end it held assets of $881k against liabilities of $1,210, net assets of $880k. It reported 8 employees.