North Alabama Railroad Museum Inc

Analysis

North Alabama Railroad Museum Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in May 1968, 58 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, North Alabama Railroad Museum Inc reported income of $252k and spending of $269k, spending 107% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $179k to $252k (+41%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 100%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Alabama Railroad Museum Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within AL. Charities of a similar size with the same main cause include Sulianich Association ($252k), Performing Arts Assn of St Joseph Inc ($252k) and Pastel Society of America Inc ($252k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 70% of the total. At year end it held assets of $744k against liabilities of $0, net assets of $744k.