Dennison Railroad Depot Museum Inc

Analysis

Dennison Railroad Depot Museum Inc is a registered charity in United States, based in Dennison, OH. It received its IRS tax-exemption ruling in August 1989, 37 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 September 2023, Dennison Railroad Depot Museum Inc reported income of $1.7m and spending of $1.7m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $740k to $1.7m (+130%), an average of +23% a year. The sharpest change came in the year to September 2023, when income rose by 80%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dennison Railroad Depot Museum Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include American Friends of Versailles ($1.7m), Ditto Upscale Resale ($1.7m) and Speak Easy Stage Inc ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 19% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $83k (5.0% of expenses). Other salaries and wages came to $212k. At year end it held assets of $1.4m against liabilities of $1.0m, net assets of $400k. It reported 19 employees.