Colebrookdale Railroad Preservation Trust

Analysis

Colebrookdale Railroad Preservation Trust is a registered charity in United States, based in Boyertown, PA. It received its IRS tax-exemption ruling in March 2012, 14 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, Colebrookdale Railroad Preservation Trust reported income of $9.3m and spending of $2.1m, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $9.3m (+281%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 152%. Over the whole period it spent 32% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Colebrookdale Railroad Preservation Trust sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Esplanade Association Inc ($9.3m), Music Academy of the West ($9.3m) and Trinity Repertory Company ($9.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 19% of the total. Other salaries and wages came to $745k. At year end it held assets of $31.7m against liabilities of $9.1m, net assets of $22.6m. It reported 10 employees.