North Carolina Railway Museum Inc

Analysis

North Carolina Railway Museum Inc is a registered charity in United States, based in New Hill, NC. It received its IRS tax-exemption ruling in March 1966, 60 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, North Carolina Railway Museum Inc reported income of $359k and spending of $362k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $231k to $359k (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 315%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Carolina Railway Museum Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Performing Arts Academy ($359k), Walla Walla Chamber Music Festival ($359k) and Missouri River Basin Lewis & Clark Interpretative Trail & Vistor Cent ($359k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 80% of the total. At year end it held assets of $364k against liabilities of $0, net assets of $364k.