Northern Ohio Railway Museum

Analysis

Northern Ohio Railway Museum is a registered charity in United States, based in Chippewa Lake, OH. It received its IRS tax-exemption ruling in April 1966, 60 years ago. 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, Northern Ohio Railway Museum reported income of $83k and spending of $95k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $60k to $83k (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2020, when income rose by 130%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northern Ohio Railway Museum sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within OH. Charities of a similar size with the same main cause include The Rotary Club of Southwest Durham Foundation ($83k), Society for Scientific Exploration ($83k) and Shippensburg Historical Society ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 4.5% of the total. At year end it held assets of $1.2m against liabilities of $373, net assets of $1.2m.