Florida Railroad Museum Inc

Analysis

Florida Railroad Museum Inc is a registered charity in United States, based in Parrish, FL. It received its IRS tax-exemption ruling in May 1983, 43 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Florida Railroad Museum Inc reported income of $2.2m and spending of $1.8m, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $2.2m (+67%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 117%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Florida Railroad Museum Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Opera Orlando Inc ($2.2m), Skowhegan School of Painting and Sculpture Inc ($2.2m) and Berks Military History Museum ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 80% of the total. Other salaries and wages came to $407k. At year end it held assets of $4.0m against liabilities of $950k, net assets of $3.1m. It reported 32 employees.