San Diego Model Railroad Museum Inc

Analysis

San Diego Model Railroad Museum Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in December 1982, 44 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 2023, San Diego Model Railroad Museum Inc reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $857k to $1.1m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2022, when income rose by 116%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, San Diego Model Railroad Museum Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Croton Academy of Comedic Arts Inc ($1.1m), National Blues Museum ($1.1m) and Gujarati Samaj of Houston Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $101k (9.4% of expenses). Other salaries and wages came to $480k. At year end it held assets of $1.8m against liabilities of $251k, net assets of $1.5m. It reported 36 employees.