Lakes Region Model Train Museum

Analysis

Lakes Region Model Train Museum is a registered charity in United States, based in Wolfeboro, NH. It received its IRS tax-exemption ruling in December 2016, 10 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, Lakes Region Model Train Museum reported income of $133k and spending of $29k, leaving 78% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $102k to $133k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2023, when income rose by 335%. Over the whole period it spent 8.7% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lakes Region Model Train Museum sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within NH. Charities of a similar size with the same main cause include Minnesota Philharmonic Orchestra ($133k), Hunterdon Musical Arts Inc ($133k) and Cinema Detroit ($133k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. It paid $18k in professional fundraising fees. At year end it held assets of $474k against liabilities of $0, net assets of $474k.