South Dakota State Railroad Museum Ltd

Analysis

South Dakota State Railroad Museum Ltd is a registered charity in United States, based in Hill City, SD. It received its IRS tax-exemption ruling in December 2002, 24 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, South Dakota State Railroad Museum Ltd reported income of $143k and spending of $137k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $77k to $143k (+85%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Dakota State Railroad Museum Ltd sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within SD. Charities of a similar size with the same main cause include Sayreville Main Street Players Ltd ($143k), Young Arts Arizona Ltd ($144k) and Grand Theater Foundation ($143k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Other salaries and wages came to $63k. At year end it held assets of $273k against liabilities of $1,903, net assets of $272k. It reported 3 employees.