Neuse River Valley Model Railroad Club Inc

Analysis

Neuse River Valley Model Railroad Club Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 1990, 36 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 May 2024, Neuse River Valley Model Railroad Club Inc reported income of $54k and spending of $45k, spending 84% of its income. Across the 2 years on record, from May 2023 to May 2024, income fell from $76k to $54k (-29%), an average of -29% a year. The sharpest change came in the year to May 2024, when income dropped by 29%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Neuse River Valley Model Railroad Club Inc sits at the 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Society for Preservation & Encrgmnt of Barbershop Quartet Singing Amer ($54k), Marietta Restoration Associates ($54k) and The Veterans Family Brigade ($54k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 43% of the total. At year end it held assets of $121k against liabilities of $0, net assets of $121k.