Lake Shore Railway Association Inc

Analysis

Lake Shore Railway Association Inc is a registered charity in United States, based in Wellington, OH. It received its IRS tax-exemption ruling in December 1979, 47 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, Lake Shore Railway Association Inc reported income of $239k and spending of $110k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $87k to $239k (+175%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 206%. 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, Lake Shore Railway Association Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within OH. Charities of a similar size with the same main cause include Green River Valley Museum Inc ($239k), Nepali American Community Center ($239k) and Phillips Mill Community Association ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 31% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.