Original Town of Liberal Revitalization Inc

Analysis

Original Town of Liberal Revitalization Inc is a registered charity in United States, based in Liberal, KS. It received its IRS tax-exemption ruling in June 1998, 28 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 (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, Original Town of Liberal Revitalization Inc reported income of $175k and spending of $257k, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $336k to $175k (-48%), an average of -15% a year. The sharpest change came in the year to December 2021, when income dropped by 60%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Original Town of Liberal Revitalization Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within KS. Charities of a similar size with the same main cause include SCCMHC Housing Inc ($175k), Ken-Crest Housing Pa 2001 Inc ($176k) and Marc Resources Inc ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $63k (24% of expenses). At year end it held assets of $1.9m against liabilities of $262k, net assets of $1.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.