Cincinnati Scenic Railway

Analysis

Cincinnati Scenic Railway is a registered charity in United States, based in Lebanon, OH. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cincinnati Scenic Railway reported income of $1.6m and spending of $1.5m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.6m (+14%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 339%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cincinnati Scenic Railway sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include Mosaic Youth Theater of Detroit ($1.6m), Roxy Theatre Group Inc ($1.6m) and College of Adaptive Arts ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $404k. At year end it held assets of $939k against liabilities of $451k, net assets of $488k. It reported 77 employees.