Friends of the Virginia & Truckee Railroad Museum

Analysis

Friends of the Virginia & Truckee Railroad Museum is a registered charity in United States, based in Carson City, NV. It received its IRS tax-exemption ruling in October 1987, 39 years ago. 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, Friends of the Virginia & Truckee Railroad Museum reported income of $201k and spending of $93k, leaving 54% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $410k to $201k (-51%), an average of -51% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Virginia & Truckee Railroad Museum sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 59th percentile within NV. Charities of a similar size with the same main cause include Tennessee Philharmonic Symphony Orchestra Association Inc ($201k), Civic Momentum Beyonder for Good ($201k) and Jewish Childrens Folkshul ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. It paid $57k in professional fundraising fees. At year end it held assets of $214k against liabilities of $0, net assets of $214k.