Central Electric Railfans Association

Analysis

Central Electric Railfans Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1945, 81 years ago. 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, Central Electric Railfans Association reported income of $60k and spending of $97k, spending 162% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $60k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 145% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Electric Railfans Association sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within IL. Charities of a similar size with the same main cause include PTA Massachusetts Parent-Teacher Association Inc ($60k), Scenic Valley Swimming Assn Inc ($60k) and New Hampshire Congress of Parents and Teachers ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 2.2% of the total. At year end it held assets of $269k against liabilities of $0, net assets of $269k.