Western Maryland Scenic Railroad Development Corp

Analysis

Western Maryland Scenic Railroad Development Corp is a registered charity in United States, based in Cumberland, MD. It received its IRS tax-exemption ruling in April 1990, 36 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Western Maryland Scenic Railroad Development Corp reported income of $4.4m and spending of $4.0m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $4.4m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Western Maryland Scenic Railroad Development Corp sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include Lebanon Valley Family YMCA ($4.4m), American Opportunity Foundation ($4.4m) and Jewish Family Service of Rochester Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $99k (2.4% of expenses). At year end it held assets of $5.8m against liabilities of $1.9m, net assets of $3.9m. It reported 32 employees.