Liberty Place Inc

Analysis

Liberty Place Inc is a registered charity in United States, based in South Milford, IN. It received its IRS tax-exemption ruling in July 2015, 11 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 Place Inc reported income of $166k and spending of $261k, spending 157% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $316k to $166k (-48%), an average of -48% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 111% 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 Place Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within IN. Charities of a similar size with the same main cause include Satellite Collective Inc ($166k), Hampton Friends of the Arts Inc ($166k) and Theater Project ($166k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. At year end it held assets of $98k against liabilities of $0, net assets of $98k.