Molalla Train Park Inc

Analysis

Molalla Train Park Inc is a registered charity in United States, based in Molalla, OR. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Molalla Train Park Inc reported income of $90k and spending of $75k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $90k (+13%), an average of +13% a year. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Molalla Train Park Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within OR. Charities of a similar size with the same main cause include Wakeup Wake County Inc ($90k), Asheville Tool Library ($90k) and Riverloop Association Inc ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 21% of the total. At year end it held assets of $230k against liabilities of $38k, net assets of $192k.