Engine 557 Restoration Company

Analysis

Engine 557 Restoration Company is a registered charity in United States, based in Wasilla, AK. It received its IRS tax-exemption ruling in September 2014, 12 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, Engine 557 Restoration Company reported income of $172k and spending of $238k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $177k to $172k (-2.4%), an average of -0.6% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Engine 557 Restoration Company sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 46th percentile within AK. Charities of a similar size with the same main cause include Madison Historical Society Inc ($172k), National Society of the Daughters of the American Revolution ($172k) and National Soaring Museum Inc ($172k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $238k against liabilities of $1,586, net assets of $237k.