Underhound Railroad

Analysis

Underhound Railroad is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Underhound Railroad reported income of $59k and spending of $56k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $99k to $59k (-41%), an average of -41% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Underhound Railroad sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within NC. Charities of a similar size with the same main cause include Moving Missouri Forward Foundation ($59k), Bath Area Backpack Program ($59k) and Adams County Cancer Coaltion ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 22% of the total. At year end it held assets of $7,501 against liabilities of $0, net assets of $7,501.