Nevada Northern Railway Foundation Inc

Analysis

Nevada Northern Railway Foundation Inc is a registered charity in United States, based in Ely, NV. It received its IRS tax-exemption ruling in October 1985, 41 years ago. 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, Nevada Northern Railway Foundation Inc reported income of $3.6m and spending of $4.1m, spending 111% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.8m to $3.6m (+105%), an average of +15% a year. The sharpest change came in the year to December 2019, when income rose by 25%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nevada Northern Railway Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within NV. Charities of a similar size with the same main cause include Ronald McDonald House Charities of Central Indiana Inc ($3.6m), Create Healthy Foundation ($3.6m) and Massachusetts College of Art and Design Foundation Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $172k (4.2% of expenses). Other salaries and wages came to $817k. At year end it held assets of $12.1m against liabilities of $1.3m, net assets of $10.8m. It reported 39 employees.