Western Maryland Railway Historical Society Incorporated

Analysis

Western Maryland Railway Historical Society Incorporated is a registered charity in United States, based in Union Bridge, MD. It received its IRS tax-exemption ruling in December 1967, 59 years ago. 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, Western Maryland Railway Historical Society Incorporated reported income of $95k and spending of $56k, leaving 41% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $73k to $95k (+31%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Western Maryland Railway Historical Society Incorporated sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within MD. Charities of a similar size with the same main cause include Cultural Activities Center the Contemporaries Inc ($95k), Pop Warner Little Scholars Inc ($95k) and Lower Perkiomen Perkettes ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 31% of the total. At year end it held assets of $603k against liabilities of $0, net assets of $603k.