Liberty Towers Incorporated of Clarion

Analysis

Liberty Towers Incorporated of Clarion is a registered charity in United States, based in Dubois, PA. It received its IRS tax-exemption ruling in December 1983, 43 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Liberty Towers Incorporated of Clarion reported income of $636k and spending of $606k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $576k to $636k (+11%), an average of +2.5% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Liberty Towers Incorporated of Clarion sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Fourth Street Senior Citizen Housing Corporation ($636k), Bay Area Community Land Trust ($636k) and Project Care Inc ($636k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 34% of the total. At year end it held assets of $787k against liabilities of $1.5m, net assets of -$699k.