Louisville & Nashville Railroad Historical Society Inc

Analysis

Louisville & Nashville Railroad Historical Society Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in November 2013, 13 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, Louisville & Nashville Railroad Historical Society Inc reported income of $51k and spending of $63k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $60k to $51k (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Louisville & Nashville Railroad Historical Society Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within KY. Charities of a similar size with the same main cause include Eau Claire Musical Arts Society Ltd ($51k), North American Arabidopsis Steering Committee ($51k) and Ye Olde Opera House ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 61% of the total. At year end it held assets of $361k against liabilities of $1,534, net assets of $359k.