Railroad Museum of South Florida Incorporated

Analysis

Railroad Museum of South Florida Incorporated is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in July 1992, 34 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 June 2024, Railroad Museum of South Florida Incorporated reported income of $474k and spending of $358k, leaving 25% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $335k to $474k (+41%), an average of +7.2% a year. The sharpest change came in the year to June 2022, when income rose by 627%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Railroad Museum of South Florida Incorporated sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Old Town Music Hall Inc ($474k), French American Museum Exchange Inc ($474k) and Laurel Arts ($474k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.6% and program service revenue 90% of the total. Other salaries and wages came to $106k. At year end it held assets of $837k against liabilities of $169, net assets of $837k. It reported 34 employees.