Center for Railroad Photography and Art Inc

Analysis

Center for Railroad Photography and Art Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in February 1998, 28 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 (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, Center for Railroad Photography and Art Inc reported income of $895k and spending of $953k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $793k to $895k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center for Railroad Photography and Art Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WI. Charities of a similar size with the same main cause include Moanolua Gardens Foundation Inc ($894k), American Society of Civil Engineers ($895k) and L a Public Theatre Inc ($894k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $88k (9.2% of expenses). Other salaries and wages came to $417k. At year end it held assets of $476k against liabilities of $84k, net assets of $393k. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.