Monticello Railway Museum Inc

Analysis

Monticello Railway Museum Inc is a registered charity in United States, based in Monticello, IL. It received its IRS tax-exemption ruling in November 1966, 60 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, Monticello Railway Museum Inc reported income of $1.9m and spending of $934k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $1.9m (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 45% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Monticello Railway Museum Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Greater Cincinnati Arts & Education Center ($1.9m), Washington Trust for Historic Preservation ($1.9m) and Metroeast Community Media ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 54% of the total. At year end it held assets of $8.6m against liabilities of $250k, net assets of $8.4m.