Great Northern Railway Historical Society

Analysis

Great Northern Railway Historical Society is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 1984, 42 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Great Northern Railway Historical Society reported income of $123k and spending of $135k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $426k to $123k (-71%), an average of -71% a year. The sharpest change came in the year to December 2023, when income dropped by 71%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Great Northern Railway Historical Society sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 38th percentile within WA. Charities of a similar size with the same main cause include Champaign County Historical Museum ($123k), Lotus Tao Culture Association ($123k) and Capacitor ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 25% of the total. At year end it held assets of $465k against liabilities of $126k, net assets of $339k.