Liberty East Redevelopment Inc

Analysis

Liberty East Redevelopment Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in March 1989, 37 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Liberty East Redevelopment Inc reported income of $57k and spending of $51k, spending 90% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $47k to $57k (+21%), an average of +21% a year. The sharpest change came in the year to June 2024, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Liberty East Redevelopment Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within NC. Charities of a similar size with the same main cause include Tigerton Main Street Inc ($57k), Rotary Club of Warren Foundation ($57k) and New Again Inc ($57k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,793 against liabilities of $0, net assets of $5,793.