Oklahoma Railway Museum Limited

Analysis

Oklahoma Railway Museum Limited is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in May 1987, 39 years ago. 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, Oklahoma Railway Museum Limited reported income of $801k and spending of $386k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $656k to $801k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 278%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oklahoma Railway Museum Limited sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within OK. Charities of a similar size with the same main cause include USA Swimming Inc ($801k), International Coastal and Ocean Organization Inc ($801k) and Weirton Christian Center ($801k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 9.8% of the total. Other salaries and wages came to $123k. At year end it held assets of $2.3m against liabilities of $172k, net assets of $2.1m. It reported 3 employees.