Bluegrass Railroad Museum Inc

Analysis

Bluegrass Railroad Museum Inc is a registered charity in United States, based in Versailles, KY. It received its IRS tax-exemption ruling in May 1977, 49 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, Bluegrass Railroad Museum Inc reported income of $270k and spending of $311k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $194k to $270k (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 118%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bluegrass Railroad Museum Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within KY. Charities of a similar size with the same main cause include Elev8life Inc ($269k), Clarke County Historical Society ($270k) and Enchanted Circle Inc ($269k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $593k against liabilities of $106k, net assets of $488k.