It is self-funded through memberships, train fares, special events, donations, and grants for restoration projects.

Railroad operations are conducted under Federal Railroad Administration (FRA) rules, and the Museum is a member of the HeritageRail Alliance, Frontier Country Tourism, and an associate member of the Adventure District of Oklahoma City.

[1] The museum operates four diesel locomotives and has a full assortment of railcars.

[2] The museum has 10 diesel and steam locomotive engines, 10 passenger cars, numerous maintenance of way and freight equipment from many different roads.

The Oklahoma Railway Museum hosts several events throughout the year.