B & O Railroad Museum

Analysis

B & O Railroad Museum is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 1987, 39 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 June 2023, B & O Railroad Museum reported income of $11.6m and spending of $5.7m, leaving 51% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $11.6m (+160%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 81%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, B & O Railroad Museum 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 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Honolulu Museum of Art ($11.6m), Auditorium Theatre of Roosevelt University Inc ($11.6m) and Magic House ($11.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $633k (11% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $34.3m against liabilities of $1.5m, net assets of $32.8m. It reported 81 employees.