National Railroad Museum Inc

Analysis

National Railroad Museum Inc is a registered charity in United States, based in Green Bay, WI. It received its IRS tax-exemption ruling in November 1958, 68 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, National Railroad Museum Inc reported income of $3.8m and spending of $2.3m, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.8m (+112%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 222%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Railroad Museum Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WI. Charities of a similar size with the same main cause include Blue Army of Our Lady of Fatima USA Inc ($3.8m), The Christian Academy ($3.8m) and Leman Academy of Excellence--Douglas County Colorad ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $95k (4.2% of expenses). Other salaries and wages came to $798k. It paid $214k in professional fundraising fees. At year end it held assets of $12.7m against liabilities of $1.4m, net assets of $11.2m. It reported 27 employees.