Rail Volution

Analysis

Rail Volution is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Rail Volution reported income of $1.4m and spending of $1.5m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.4m (-4.0%), an average of -1.0% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rail Volution 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 83rd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include Baltimore Washington Medical Center Foundation Inc ($1.4m), Leon H Sullivan Charitable TR ($1.4m) and Pinemont Incorporated ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $218k (15% of expenses). Other salaries and wages came to $401k. At year end it held assets of $971k against liabilities of $220k, net assets of $750k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.