Heart of Dixie Railroad Museum Inc

Analysis

Heart of Dixie Railroad Museum Inc is a registered charity in United States, based in Calera, AL. It received its IRS tax-exemption ruling in November 1963, 63 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, Heart of Dixie Railroad Museum Inc reported income of $954k and spending of $1.2m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $991k to $954k (-3.7%), an average of -0.9% a year. The sharpest change came in the year to December 2021, when income rose by 130%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heart of Dixie Railroad Museum Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within AL. Charities of a similar size with the same main cause include The Gridwise Alliance Inc ($954k), Library Study Hall ($954k) and Crosshatch Center for Art and Ecology ($954k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 70% of the total. Other salaries and wages came to $118k. At year end it held assets of $2.8m against liabilities of $20k, net assets of $2.8m.