New Mexico Steam Locomotive & Railroad Historical Society

Analysis

New Mexico Steam Locomotive & Railroad Historical Society is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in January 2000, 26 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, New Mexico Steam Locomotive & Railroad Historical Society reported income of $175k and spending of $159k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $189k to $175k (-7.0%), an average of -1.8% a year. The sharpest change came in the year to December 2022, when income rose by 98%. Over the whole period it spent 49% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Mexico Steam Locomotive & Railroad Historical Society sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NM. Charities of a similar size with the same main cause include Loveland Opera Theatre ($175k), Childrens Museum at the Paso Robles Volunteer Firehouse ($175k) and Appalachian Heritage Schools ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $4.2m against liabilities of $0, net assets of $4.2m.