Museum of the American Railroad

Analysis

Museum of the American Railroad is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in December 1963, 63 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, Museum of the American Railroad reported income of $439k and spending of $522k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $325k to $439k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 890%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of the American Railroad 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 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Making Light Productions Inc ($439k), Ka Lahui Kai ($439k) and Michigan Music Conference ($439k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $209k (40% of expenses). Other salaries and wages came to $39k. At year end it held assets of $5.4m against liabilities of $121k, net assets of $5.2m. It reported 12 employees.