National Liberty Museum

Analysis

National Liberty Museum is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 1995, 31 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 December 2023, National Liberty Museum reported income of $1.4m and spending of $4.0m, spending 286% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $1.4m (-51%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Liberty Museum sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Chatham Orpheum Theater Inc ($1.4m), Rehoboth Art League Inc ($1.4m) and NTDTV Los Angeles ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $516k (13% of expenses). Other salaries and wages came to $940k. It paid $61k in professional fundraising fees. At year end it held assets of $23.4m against liabilities of $2.1m, net assets of $21.2m. It reported 26 employees.