Liberty Historic Railway Inc

Analysis

Liberty Historic Railway Inc is a registered charity in United States, based in Berkeley HTS, NJ. It received its IRS tax-exemption ruling in June 2010, 16 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, Liberty Historic Railway Inc reported income of $141k and spending of $337k, spending 240% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $553k to $141k (-75%), an average of -29% a year. The sharpest change came in the year to December 2021, when income rose by 102%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Liberty Historic Railway Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 53rd percentile within NJ. Charities of a similar size with the same main cause include Childrens Concert Society of Akron Ohio ($141k), Southwest New Mexico Arts Culture and Tourism ($141k) and Waterloo Area Historical Society ($141k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $893k against liabilities of $0, net assets of $893k.