Lake Superior and Mississippi Railroad Company

Analysis

Lake Superior and Mississippi Railroad Company is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in April 1983, 43 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, Lake Superior and Mississippi Railroad Company reported income of $163k and spending of $148k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $251k to $163k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Superior and Mississippi Railroad Company sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within MN. Charities of a similar size with the same main cause include Sons of Confederate Veterans ($163k), St Johns Ecumenical Ministries Inc ($163k) and Rescuers Wingman ($163k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 34% of the total. At year end it held assets of $500k against liabilities of $0, net assets of $500k.