Mid-Continent Railway Historical Society Inc

Analysis

Mid-Continent Railway Historical Society Inc is a registered charity in United States, based in North Freedom, WI. It received its IRS tax-exemption ruling in December 1961, 65 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 October 2023, Mid-Continent Railway Historical Society Inc reported income of $1.3m and spending of $572k, leaving 57% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income fell from $1.7m to $1.3m (-21%), an average of -5.6% a year. The sharpest change came in the year to October 2021, when income rose by 412%. Over the whole period it spent 28% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid-Continent Railway Historical Society Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within WI. Charities of a similar size with the same main cause include The Association for Preservation Technology International Inc ($1.3m), Youth Challenge ($1.3m) and Friendship Childrens Center Inc ($1.3m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 59% and program service revenue 28% of the total. Other salaries and wages came to $155k. At year end it held assets of $13.4m against liabilities of $82k, net assets of $13.3m. It reported 17 employees.