Red River Railroad Museum

Analysis

Red River Railroad Museum is a registered charity in United States, based in Denison, TX. It received its IRS tax-exemption ruling in December 1994, 32 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Red River Railroad Museum reported income of $72k and spending of $66k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $29k to $72k (+149%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 103%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Red River Railroad Museum sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include Mountain District of the Institute of Transportation Engineers ($72k), Pacific Bus Museum ($72k) and Mbira ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $4,500. At year end it held assets of $65k against liabilities of $649, net assets of $64k.