Roanoke Chapter National Railway Historical Society

Analysis

Roanoke Chapter National Railway Historical Society is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in February 1968, 58 years ago. 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, Roanoke Chapter National Railway Historical Society reported income of $108k and spending of $168k, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $66k to $108k (+64%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 458%. Over the whole period it spent 132% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Roanoke Chapter National Railway Historical Society sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within VA. Charities of a similar size with the same main cause include Monmouth Beach First Aid Squad ($108k), Retired Senior Volunteer Program ($108k) and Asc Health ($108k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. At year end it held assets of $7.8m against liabilities of $2.0m, net assets of $5.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.