Whippany Railway Museum
Whippany Railway Museum: Steady Operations, Modest Growth
EIN: 222142291 · Whippany, NJ · NTEE: A500 · Updated: 2026-04-04
Is Whippany Railway Museum Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Whippany Railway Museum directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Whippany Railway Museum
Whippany Railway Museum (EIN: 222142291) is a nonprofit organization based in Whippany, NJ, classified under NTEE code A500. The organization reported total revenue of $225K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Whippany Railway Museum'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 Whippany Railway Museum 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Whippany Railway Museum allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not reported on their Form 990s, indicating that no individual received more than $100,000 in reportable compensation.
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 Whippany Railway Museum's IRS 990 filings:
- Lack of detailed program impact reporting on their website.
Strengths
The following positive indicators were identified for Whippany Railway Museum:
- Consistent revenue generation over several years.
- Healthy asset base relative to annual expenses.
- Low administrative and fundraising costs based on available data.
Frequently Asked Questions about Whippany Railway Museum
Is Whippany Railway Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Whippany Railway Museum (EIN: 222142291) some concerns. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
How does Whippany Railway Museum spend its money?
Whippany Railway Museum directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Whippany Railway Museum tax-deductible?
Whippany Railway Museum is registered as a tax-exempt nonprofit (EIN: 222142291). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Whippany Railway Museum do?
Whippany Railway Museum is a nonprofit organization in the Arts, Culture & Humanities sector, located in Whippany, New Jersey. It is classified under NTEE code A500.
How much revenue does Whippany Railway Museum have?
Whippany Railway Museum reported total revenue of $224,948. Based on 14 IRS 990 filings on record.
What are Whippany Railway Museum's total assets?
Whippany Railway Museum holds total assets of $1,438,291 as reported in IRS 990 filings.
Where is Whippany Railway Museum located?
Whippany Railway Museum is based in Whippany, New Jersey.
What is Whippany Railway Museum's EIN?
Whippany Railway Museum's Employer Identification Number (EIN) is 222142291. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Whippany Railway Museum?
Whippany Railway Museum is classified under NTEE code A500 (Arts, Culture & Humanities).
Is Whippany Railway Museum a registered 501(c)(3)?
Yes, Whippany Railway Museum is recognized as a tax-exempt organization by the IRS. EIN: 222142291.
Does Whippany Railway Museum file IRS Form 990?
Yes, Whippany Railway Museum has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Whippany Railway Museum's revenue in 2023?
In the 202312 filing period, Whippany Railway Museum reported total revenue of $195,111, total expenses of $168,823, and net assets of $1,367,545.
Is Whippany Railway Museum's revenue growing or declining?
Whippany Railway Museum's revenue is relatively stable. Revenue went from $199,665 (202212) to $195,111 (202312), a -2.3% change. Based on 14 filings on record.
What is Whippany Railway Museum's most recent 990 filing?
The most recent IRS Form 990 filing for Whippany Railway Museum covers tax period 202312. It shows revenue of $195,111, expenses of $168,823, total assets of $1,367,545, and liabilities of N/A.
How much does Whippany Railway Museum spend on programs vs administration?
Based on IRS 990 analysis, Whippany Railway Museum allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Whippany Railway Museum a trustworthy charity?
Based on AI analysis of IRS 990 data, Whippany Railway Museum appears trustworthy. Mission Score: 75/100 (Good). 1 red flag identified. 3 strengths noted.
What are the red flags for Whippany Railway Museum?
The following concerns were identified: Lack of detailed program impact reporting on their website.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Whippany Railway Museum's strengths?
Positive indicators for Whippany Railway Museum include: Consistent revenue generation over several years.. Healthy asset base relative to annual expenses.. Low administrative and fundraising costs based on available data.. These findings are derived from AI analysis of the organization's financial filings.
How does Whippany Railway Museum compensate executives?
Executive compensation is not reported on their Form 990s, indicating that no individual received more than $100,000 in reportable compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the museum plan to leverage its substantial asset base of $1,438,291 to expand its educational programs or visitor experiences?
While the museum maintains a strong asset base, the filings do not detail specific plans for leveraging these assets for significant program expansion beyond current operations.
Filing History
IRS 990 filing history for Whippany Railway Museum showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Whippany Railway Museum's revenue has declined by 8.7%, moving from $214K to $195K. Total assets increased by 172.6% over the same period, from $502K to $1.4M. Total functional expenses rose by 10.7%, from $153K to $169K. In its most recent filing year (2023), Whippany Railway Museum reported a surplus of $26K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $195K | $169K | $1.4M | $0 | — | View 990 |
| 2022 | $200K | $173K | $1.4M | $13K | — | — |
| 2021 | $130K | $109K | $1.3M | $5K | — | View 990 |
| 2020 | $100K | $84K | $1.3M | $2K | — | — |
| 2019 | $181K | $155K | $1.3M | $3K | — | View 990 |
| 2018 | $193K | $125K | $1.3M | $2K | — | View 990 |
| 2017 | $191K | $90K | $1.2M | $0 | — | View 990 |
| 2016 | $247K | $117K | $1.1M | $144 | — | View 990 |
| 2015 | $390K | $239K | $954K | $1K | — | View 990 |
| 2014 | $402K | $227K | $804K | $793 | — | View 990 |
| 2013 | $318K | $224K | $639K | $12K | — | View 990 |
| 2012 | $255K | $192K | $572K | $39K | — | View 990 |
| 2011 | $234K | $178K | $534K | $64K | — | View 990 |
| 2010 | $214K | $153K | $502K | $88K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $195K, expenses of $169K, and assets of $1.4M (revenue -2.3% year-over-year).
- 2022: Revenue of $200K, expenses of $173K, and assets of $1.4M (revenue +53.6% year-over-year).
- 2021: Revenue of $130K, expenses of $109K, and assets of $1.3M (revenue +29.9% year-over-year).
- 2020: Revenue of $100K, expenses of $84K, and assets of $1.3M (revenue -44.7% year-over-year).
- 2019: Revenue of $181K, expenses of $155K, and assets of $1.3M (revenue -6.1% year-over-year).
- 2018: Revenue of $193K, expenses of $125K, and assets of $1.3M (revenue +0.9% year-over-year).
- 2017: Revenue of $191K, expenses of $90K, and assets of $1.2M (revenue -22.8% year-over-year).
- 2016: Revenue of $247K, expenses of $117K, and assets of $1.1M (revenue -36.5% year-over-year).
- 2015: Revenue of $390K, expenses of $239K, and assets of $954K (revenue -3.1% year-over-year).
- 2014: Revenue of $402K, expenses of $227K, and assets of $804K (revenue +26.6% year-over-year).
- 2013: Revenue of $318K, expenses of $224K, and assets of $639K (revenue +24.6% year-over-year).
- 2012: Revenue of $255K, expenses of $192K, and assets of $572K (revenue +9.2% year-over-year).
- 2011: Revenue of $234K, expenses of $178K, and assets of $534K (revenue +9.3% year-over-year).
- 2010: Revenue of $214K, expenses of $153K, and assets of $502K.
Data Sources and Methodology
This transparency report for Whippany Railway Museum 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.