San Luis Obispo Railroad Museum

Analysis

San Luis Obispo Railroad Museum is a registered charity in United States, based in SN Luis Obisp, CA. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, San Luis Obispo Railroad Museum reported income of $60k and spending of $74k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $98k to $60k (-39%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, San Luis Obispo Railroad Museum sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within CA. Charities of a similar size with the same main cause include Houston Metropolitan Paralegal Association ($60k), St Anthony Winters ($60k) and Valley Apartments Inc ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 30% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.