Florida Railway Heritage Museum

Analysis

Florida Railway Heritage Museum is a registered charity in United States, based in Mount Dora, FL. It received its IRS tax-exemption ruling in September 2019, 7 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, Florida Railway Heritage Museum reported income of $510k and spending of $393k, leaving 23% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $512k to $510k (-0.4%), an average of -0.2% a year. 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, Florida Railway Heritage Museum sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Knowledge Ecology International Inc ($510k), Centro Cultural Espanol de Cooperacion Iberoamericana Inc ($510k) and New Plays Inc ($510k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 84% of the total. At year end it held assets of $210k against liabilities of $16k, net assets of $194k.