Austin Steam Train Association Incorporated

Analysis

Austin Steam Train Association Incorporated is a registered charity in United States, based in Cedar Park, TX. It received its IRS tax-exemption ruling in March 1990, 36 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, Austin Steam Train Association Incorporated reported income of $1.4m and spending of $1.3m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.4m (+1.1%), an average of +0.3% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Austin Steam Train Association Incorporated sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Latinos United for a New America ($1.4m), Dorset Theatre Festival ($1.4m) and American Friends of the Paris Opera & Ballet ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.9% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $98k (7.6% of expenses). Other salaries and wages came to $160k. At year end it held assets of $925k against liabilities of $370k, net assets of $555k. It reported 5 employees.