Union Pacific Museum Association

Analysis

Union Pacific Museum Association is a registered charity in United States, based in Council BLFS, IA. It received its IRS tax-exemption ruling in March 2000, 26 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, Union Pacific Museum Association reported income of $233k and spending of $330k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $303k to $233k (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2020, when income rose by 88%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Union Pacific Museum Association sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within IA. Charities of a similar size with the same main cause include Southland Sings ($233k), Ethnic Enrichment Cultural Council ($233k) and Black Design Collective ($233k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 13% of the total. Other salaries and wages came to $131k. At year end it held assets of $1.7m against liabilities of $5,089, net assets of $1.6m. It reported 5 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.