Southern California Railway Museum Inc

Analysis

Southern California Railway Museum Inc is a registered charity in United States, based in Perris, CA. It received its IRS tax-exemption ruling in October 1961, 65 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 June 2023, Southern California Railway Museum Inc reported income of $2.2m and spending of $2.4m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.2m (+67%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 189%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southern California Railway Museum Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Commonwealth Shakespeare Company Inc ($2.2m), Institute of Contemporary Art San Francisco ($2.2m) and Atlanta Music Project Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $72k (3.0% of expenses). Other salaries and wages came to $321k. At year end it held assets of $5.8m against liabilities of $100k, net assets of $5.7m. It reported 26 employees.