Southern Michigan Railroad Society Inc

Analysis

Southern Michigan Railroad Society Inc is a registered charity in United States, based in Clinton, MI. It received its IRS tax-exemption ruling in June 2014, 12 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, Southern Michigan Railroad Society Inc reported income of $79k and spending of $100k, spending 126% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $240k to $79k (-67%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southern Michigan Railroad Society Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within MI. Charities of a similar size with the same main cause include Iranian American Society of Arizona Inc ($79k), Human Biology Association ($79k) and Jemison-Van de Graaff Mansion Foundation ($79k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 76% of the total. At year end it held assets of $554k against liabilities of $14k, net assets of $540k.