Golden Spike Tower & Visitor Center

Analysis

Golden Spike Tower & Visitor Center is a registered charity in United States, based in North Platte, NE. It received its IRS tax-exemption ruling in January 2002, 24 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, Golden Spike Tower & Visitor Center reported income of $824k and spending of $832k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $756k to $824k (+9.0%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Golden Spike Tower & Visitor Center sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NE. Charities of a similar size with the same main cause include Young Audiences of Northern California ($824k), Providence Preservation Society ($824k) and Nebraska Art Association ($824k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $62k (7.5% of expenses). Other salaries and wages came to $143k. At year end it held assets of $3.7m against liabilities of $1.2m, net assets of $2.5m. It reported 19 employees.