Siouxland Historical Railroad Association

Analysis

Siouxland Historical Railroad Association is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in July 1985, 41 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, Siouxland Historical Railroad Association reported income of $279k and spending of $322k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $172k to $279k (+62%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 162%. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Siouxland Historical Railroad Association sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within IA. Charities of a similar size with the same main cause include Revati Puranik Foundation ($279k), All Among US Inc ($279k) and Mount Desert Island Historical Society ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Other salaries and wages came to $20k. At year end it held assets of $2.7m against liabilities of $503k, net assets of $2.2m. It reported 2 employees.