South Carolina Railroad Museum Inc

Analysis

South Carolina Railroad Museum Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in June 1981, 45 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, South Carolina Railroad Museum Inc reported income of $299k and spending of $316k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $191k to $299k (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Carolina Railroad Museum Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within SC. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($299k), Alliance High School Foundation of Alliance Ohio ($299k) and North Star of Chester County ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 56% of the total. Other salaries and wages came to $5,754. At year end it held assets of $663k against liabilities of $82k, net assets of $582k. It reported 2 employees.