Watauga Valley Railroad Historical Society & Museum Inc

Analysis

Watauga Valley Railroad Historical Society & Museum Inc is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in December 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 December 2023, Watauga Valley Railroad Historical Society & Museum Inc reported income of $280k and spending of $223k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $169k to $280k (+66%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 25%. 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, Watauga Valley Railroad Historical Society & Museum Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within TN. Charities of a similar size with the same main cause include Korean American Association and Community Center of Houston ($280k), Plymouth County Historical Museum ($280k) and Chopin Theatre Productions NFP ($280k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.