Toy Train Depot Inc

Analysis

Toy Train Depot Inc is a registered charity in United States, based in Alamogordo, NM. It received its IRS tax-exemption ruling in August 1987, 39 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, Toy Train Depot Inc reported income of $50k and spending of $65k, spending 129% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $66k to $50k (-24%), an average of -5.3% a year. The sharpest change came in the year to December 2022, when income dropped by 24%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Toy Train Depot Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within NM. Charities of a similar size with the same main cause include I Kada Dance Inc ($50k), Greenville Family Theater ($50k) and West Coast Seafaring Society ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Other salaries and wages came to $30k. At year end it held assets of $350k against liabilities of $0, net assets of $350k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.