California State Railroad Museum Foundation Inc

Analysis

California State Railroad Museum Foundation Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in May 1981, 45 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, California State Railroad Museum Foundation Inc reported income of $5.7m and spending of $5.3m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $5.7m (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, California State Railroad Museum Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Gloucester Marine Genomics Institute Incorporated ($5.7m), Natural History Museum of the Adirondacks ($5.7m) and Sunfest of Palm Beach County Inc ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $310k (5.9% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $12.2m against liabilities of $2.0m, net assets of $10.2m. It reported 119 employees.