Laupahoehoe Train Museum

Analysis

Laupahoehoe Train Museum is a registered charity in United States, based in Laupahoehoe, HI. It received its IRS tax-exemption ruling in December 1997, 29 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 June 2024, Laupahoehoe Train Museum reported income of $80k and spending of $75k, spending 94% of its income. Across the 4 years on record, from June 2021 to June 2024, income fell from $102k to $80k (-22%), an average of -7.8% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Laupahoehoe Train Museum sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within HI. Charities of a similar size with the same main cause include Pretty Shield Foundation ($80k), Studio K Flamenco Inc ($80k) and Sawnee Association of the Arts Inc ($80k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 5.3% of the total. At year end it held assets of $131k against liabilities of $13k, net assets of $118k.