Adirondack Railway Preservation Society
Adirondack Railway Preservation Society: Navigating Financial Tracks Amidst Operational Shifts
EIN: 223074470 · Utica, NY · Updated: 2026-04-04
Is Adirondack Railway Preservation Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Adirondack Railway Preservation Society directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Adirondack Railway Preservation Society
Adirondack Railway Preservation Society (EIN: 223074470) is a nonprofit organization based in Utica, NY. The organization reported total revenue of $2.8M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Adirondack Railway Preservation Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Adirondack Railway Preservation Society with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Adirondack Railway Preservation Society allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with the highest reported compensation in 2022 at $93,892 for a key employee, which is appropriate for a nonprofit of this scale.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Adirondack Railway Preservation Society's IRS 990 filings:
- Significant fluctuations in revenue, from a high of $3,406,896 in 2021 to a low of $740,525 in 2020, indicate potential instability or reliance on variable funding sources.
- The organization reported a deficit in 2023, with expenses ($2,644,291) exceeding revenue ($2,503,455), suggesting a need for improved financial management or increased fundraising efforts.
Strengths
The following positive indicators were identified for Adirondack Railway Preservation Society:
- Consistent asset growth over several years, from $521,347 in 2015 to $2,853,003 in 2023, demonstrates strong financial stewardship and capacity building.
- The organization has maintained a positive net asset position, indicating long-term financial health and sustainability.
- Despite revenue fluctuations, the organization has consistently generated substantial revenue, demonstrating its ability to attract and retain support for its mission.
Frequently Asked Questions about Adirondack Railway Preservation Society
Is Adirondack Railway Preservation Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Adirondack Railway Preservation Society (EIN: 223074470) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Adirondack Railway Preservation Society spend its money?
Adirondack Railway Preservation Society directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Adirondack Railway Preservation Society tax-deductible?
Adirondack Railway Preservation Society is registered as a tax-exempt nonprofit (EIN: 223074470). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Adirondack Railway Preservation Society do?
Adirondack Railway Preservation Society is a nonprofit organization in the Unknown sector, located in Utica, New York. It is classified under NTEE code Unknown.
How much revenue does Adirondack Railway Preservation Society have?
Adirondack Railway Preservation Society reported total revenue of $2,788,371. Based on 12 IRS 990 filings on record.
What are Adirondack Railway Preservation Society's total assets?
Adirondack Railway Preservation Society holds total assets of $2,793,077 as reported in IRS 990 filings.
Where is Adirondack Railway Preservation Society located?
Adirondack Railway Preservation Society is based in Utica, New York.
What is Adirondack Railway Preservation Society's EIN?
Adirondack Railway Preservation Society's Employer Identification Number (EIN) is 223074470. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Adirondack Railway Preservation Society?
Adirondack Railway Preservation Society is classified under NTEE code Unknown (Unknown).
Is Adirondack Railway Preservation Society a registered 501(c)(3)?
Adirondack Railway Preservation Society appears in IRS records (EIN: 223074470). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Adirondack Railway Preservation Society file IRS Form 990?
Yes, Adirondack Railway Preservation Society has 12 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Adirondack Railway Preservation Society's revenue in 2023?
In the 202312 filing period, Adirondack Railway Preservation Society reported total revenue of $2,503,455, total expenses of $2,644,291, and net assets of $2,853,303.
Is Adirondack Railway Preservation Society's revenue growing or declining?
Adirondack Railway Preservation Society's revenue is declining. Revenue went from $2,934,958 (202212) to $2,503,455 (202312), a -14.7% change. Based on 12 filings on record.
What is Adirondack Railway Preservation Society's most recent 990 filing?
The most recent IRS Form 990 filing for Adirondack Railway Preservation Society covers tax period 202312. It shows revenue of $2,503,455, expenses of $2,644,291, total assets of $2,853,303, and liabilities of $1,002,371.
How much does Adirondack Railway Preservation Society spend on programs vs administration?
Based on IRS 990 analysis, Adirondack Railway Preservation Society allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Adirondack Railway Preservation Society a trustworthy charity?
Based on AI analysis of IRS 990 data, Adirondack Railway Preservation Society appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Adirondack Railway Preservation Society?
The following concerns were identified: Significant fluctuations in revenue, from a high of $3,406,896 in 2021 to a low of $740,525 in 2020, indicate potential instability or reliance on variable funding sources.. The organization reported a deficit in 2023, with expenses ($2,644,291) exceeding revenue ($2,503,455), suggesting a need for improved financial management or increased fundraising efforts.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Adirondack Railway Preservation Society's strengths?
Positive indicators for Adirondack Railway Preservation Society include: Consistent asset growth over several years, from $521,347 in 2015 to $2,853,003 in 2023, demonstrates strong financial stewardship and capacity building.. The organization has maintained a positive net asset position, indicating long-term financial health and sustainability.. Despite revenue fluctuations, the organization has consistently generated substantial revenue, demonstrating its ability to attract and retain support for its mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Adirondack Railway Preservation Society compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with the highest reported compensation in 2022 at $93,892 for a key employee, which is appropriate for a nonprofit of this scale. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the Adirondack Railway Preservation Society managed to grow its assets significantly despite considerable year-to-year revenue volatility?
The organization has consistently reinvested in its assets, as evidenced by the steady increase in total assets from $521,347 in 2015 to $2,853,003 in 2023. This suggests effective long-term financial planning and asset management, potentially through strategic capital improvements or endowments, which allows for growth even when annual operating revenues fluctuate.
What factors contributed to the sharp decline in revenue in 2020 ($740,525) compared to previous and subsequent years, and how did the organization adapt?
The significant drop in revenue in 2020 was likely due to the COVID-19 pandemic, which severely impacted tourism and railway operations. Despite this, the organization managed to keep expenses ($1,123,673) relatively controlled and maintained a positive asset base, indicating resilience and potentially a reliance on reserves or emergency funding during that challenging period.
Filing History
IRS 990 filing history for Adirondack Railway Preservation Society showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Adirondack Railway Preservation Society's revenue has grown by 82.4%, moving from $1.4M to $2.5M. Total assets increased by 354% over the same period, from $628K to $2.9M. Total functional expenses rose by 89.5%, from $1.4M to $2.6M. In its most recent filing year (2023), Adirondack Railway Preservation Society reported a deficit of $141K, with expenses exceeding revenue. The organization holds $1.0M in liabilities against $2.9M in assets (debt-to-asset ratio: 35.1%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.6M | $2.9M | $1.0M | — | — |
| 2022 | $2.9M | $2.9M | $2.9M | $939K | — | View 990 |
| 2021 | $3.4M | $2.0M | $2.7M | $729K | — | View 990 |
| 2020 | $741K | $1.1M | $1.5M | $962K | — | View 990 |
| 2019 | $2.7M | $2.1M | $1.6M | $667K | — | View 990 |
| 2018 | $2.0M | $2.1M | $1.1M | $766K | — | View 990 |
| 2016 | $2.0M | $1.9M | $561K | $380K | — | View 990 |
| 2015 | $2.8M | $2.8M | $521K | $407K | — | View 990 |
| 2014 | $1.6M | $1.6M | $400K | $351K | — | View 990 |
| 2013 | $1.7M | $1.8M | $459K | $463K | — | View 990 |
| 2012 | $2.3M | $2.4M | $1.1M | $1.1M | — | View 990 |
| 2011 | $1.4M | $1.4M | $628K | $502K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.6M, and assets of $2.9M (revenue -14.7% year-over-year).
- 2022: Revenue of $2.9M, expenses of $2.9M, and assets of $2.9M (revenue -13.9% year-over-year).
- 2021: Revenue of $3.4M, expenses of $2.0M, and assets of $2.7M (revenue +360.1% year-over-year).
- 2020: Revenue of $741K, expenses of $1.1M, and assets of $1.5M (revenue -72.4% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.1M, and assets of $1.6M (revenue +33.4% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.1M, and assets of $1.1M (revenue +1.3% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.9M, and assets of $561K (revenue -29.8% year-over-year).
- 2015: Revenue of $2.8M, expenses of $2.8M, and assets of $521K (revenue +71.7% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.6M, and assets of $400K (revenue -3.3% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.8M, and assets of $459K (revenue -25.8% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.4M, and assets of $1.1M (revenue +67.1% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.4M, and assets of $628K.
Data Sources and Methodology
This transparency report for Adirondack Railway Preservation Society is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.